Q1) Sharney places £354 in a bank for 12 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£297.36 b)£651.36
Q1) Sam invests £8168 in bonds for 2 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£2634.18 b)£10802.18
Q1) Alex buys a motorbike for £8705 and is kept for 10 years. It depreciates at rate of 15% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. a)£6991.21 b)£1713.79
Q2) Jaden places £45 in a bank for 15 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£27.00 b)£72.00
Q2) Hammid invests £9145 in bonds for 13 years at a compound interest rate of 11%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£26367.6 b)£35512.60
Q2) Monique buys a van for £3660 and is kept for 5 years. It depreciates at rate of 7% per year. Calculate (a) money the van loses and (b) the value of the van at the end. a)£1113.78 b)£2546.22
Q3) Logun places £646 in a bank for 13 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£167.96 b)£813.96
Q3) Kyra invests £4717 in bonds for 8 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£9712.41 b)£14429.41
Q3) Harley buys a racing bicycle for £6745 and is kept for 12 years. It depreciates at rate of 10% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. a)£4840.01 b)£1904.99
Q4) Julie places £622 in a bank for 10 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£435.40 b)£1057.40
Q4) Julie invests £7389 in bonds for 5 years at a compound interest rate of 4%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£1600.85 b)£8989.85
Q4) Sharney buys a van for £4640 and is kept for 8 years. It depreciates at rate of 5% per year. Calculate (a) money the van loses and (b) the value of the van at the end. a)£1561.73 b)£3078.27
Q5) Jaden places £991 in a bank for 5 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£148.65 b)£1139.65
Q5) Sharney invests £5814 in bonds for 7 years at a compound interest rate of 14%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£8734.19 b)£14548.19
Q5) Joseph buys a racing bicycle for £4783 and is kept for 11 years. It depreciates at rate of 6% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. a)£2361.38 b)£2421.62
Q6) Alex places £532 in a bank for 10 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£212.80 b)£744.80
Q6) Steven invests £2925 in bonds for 5 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£989.31 b)£3914.31
Q6) Hassan buys a car for £5268 and is kept for 4 years. It depreciates at rate of 10% per year. Calculate (a) money the car loses and (b) the value of the car at the end. a)£1811.67 b)£3456.33
Q7) Lumaya places £506 in a bank for 2 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£40.48 b)£546.48
Q7) Ariel invests £9378 in bonds for 13 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£31542.84 b)£40920.84
Q7) Sabrina buys a car for £1231 and is kept for 5 years. It depreciates at rate of 7% per year. Calculate (a) money the car loses and (b) the value of the car at the end. a)£374.61 b)£856.39
Q8) Jaden places £129 in a bank for 2 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£23.22 b)£152.22
Q8) Steven invests £5901 in bonds for 9 years at a compound interest rate of 4%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£2497.96 b)£8398.96
Q8) Luke buys a minibus for £4315 and is kept for 6 years. It depreciates at rate of 14% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. a)£2569.29 b)£1745.71
Q9) Prabjot places £226 in a bank for 7 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£79.10 b)£305.10
Q9) Ariel invests £5590 in bonds for 7 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£3990.28 b)£9580.28
Q9) Jenson buys a motorbike for £6226 and is kept for 2 years. It depreciates at rate of 2% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. a)£246.55 b)£5979.45
Q10) Steven places £315 in a bank for 13 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£245.70 b)£560.70
Q10) Sharney invests £2187 in bonds for 14 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£4236.64 b)£6423.64
Q10) Sabrina buys a minibus for £9069 and is kept for 12 years. It depreciates at rate of 5% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. a)£4168.47 b)£4900.53