Q1) Harley invests £6000 in bonds for 11 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)£19357.39 b)£25357.39]

Q1) Kyra buys a van for £174 and is kept for 5 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)£39.36 b)£134.64]

Q1) Harley invests £5399 in bonds at 10% compound interest per annum. After how many years will the bonds be worth £11573.24? [ 8 years]

Q2) Jonathan invests £3000 in bonds for 8 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)£4427.89 b)£7427.89]

Q2) Julie buys a racing bicycle for £8677 and is kept for 10 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)£4003.44 b)£4673.56]

Q2) Anna invests £4710 in a bank. After 4 years it is worth £4901.24. What is the compound interest rate? [ 1%]

Q3) Joseph invests £7000 in bonds for 6 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)£4108.12 b)£11108.12]

Q3) Jaden buys a motorbike for £9452 and is kept for 3 years. It depreciates at rate of 12% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£3010.73 b)£6441.27]

Q3) Monique invests £2906 in a bank. After 8 years it is worth £6229.27. What is the compound interest rate? [ 10%]

Q4) Jennine invests £9000 in bonds for 8 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£4297.1 b)£13297.10]

Q4) Lumaya buys a racing bicycle for £2445 and is kept for 8 years. It depreciates at rate of 1% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£188.89 b)£2256.11]

Q4) Kyra invests £5275 in a bank. After 7 years it is worth £11661.34. What is the compound interest rate? [ 12%]

Q5) Harley invests £200 in bonds for 13 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)£133.01 b)£333.01]

Q5) Nathan buys a minibus for £3690 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)£1696.07 b)£1993.93]

Q5) Alex invests £1387 in a bank. After 4 years it is worth £2182.47. What is the compound interest rate? [ 12%]

Q6) Anna invests £7000 in bonds for 12 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)£4207.23 b)£11207.23]

Q6) Logun buys a racing bicycle for £7249 and is kept for 12 years. It depreciates at rate of 2% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1560.59 b)£5688.41]

Q6) Nathan invests £6151 in a bank. After 2 years it is worth £8134.70. What is the compound interest rate? [ 15%]

Q7) Ariel invests £5000 in bonds for 13 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)£22462.06 b)£27462.06]

Q7) Eva buys a van for £19 and is kept for 15 years. It depreciates at rate of 3% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£6.97 b)£12.03]

Q7) Luke invests £1713 in a bank. After 4 years it is worth £2418.04. What is the compound interest rate? [ 9%]

Q8) Hassan invests £8000 in bonds for 15 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£25417.99 b)£33417.99]

Q8) Jennine buys a car for £9040 and is kept for 10 years. It depreciates at rate of 3% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£2373.69 b)£6666.31]

Q8) Harley invests £4143 in a bank. After 2 years it is worth £4310.38. What is the compound interest rate? [ 2%]

Q9) Anna invests £5000 in bonds for 3 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)£624.32 b)£5624.32]

Q9) Jonathan buys a van for £4049 and is kept for 7 years. It depreciates at rate of 2% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£533.96 b)£3515.04]

Q9) Anna invests £3428 in bonds at 14% compound interest per annum. After how many years will the bonds be worth £6600.32? [ 5 years]

Q10) Brady invests £2000 in bonds for 8 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£954.91 b)£2954.91]

Q10) Jonathan buys a van for £9911 and is kept for 8 years. It depreciates at rate of 10% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£5644.64 b)£4266.36]

Q10) Kyra invests £1702 in a bank. After 6 years it is worth £2414.32. What is the compound interest rate? [ 6%]