Q1) Teagan invests £6000 in bonds for 10 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)£11036.53 b)£17036.53]

Q1) Jonathan buys a van for £5540 and is kept for 10 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)£1013.42 b)£4526.58]

Q1) Sabrina invests £770 in bonds at 15% compound interest per annum. After how many years will the bonds be worth £2048.22? [ 7 years]

Q2) Sabrina invests £3000 in bonds for 7 years at a compound interest rate of 9%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2484.12 b)£5484.12]

Q2) Prabjot buys a car for £8840 and is kept for 2 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)£1194.28 b)£7645.72]

Q2) Sam invests £457 in bonds at 12% compound interest per annum. After how many years will the bonds be worth £1131.52? [ 8 years]

Q3) McKenzie invests £4000 in bonds for 7 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£594.74 b)£4594.74]

Q3) Hassan buys a van for £9763 and is kept for 3 years. It depreciates at rate of 8% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£2160.67 b)£7602.33]

Q3) Nathan invests £9987 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £11701.36? [ 8 years]

Q4) Anna invests £1000 in bonds for 2 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)£123.6 b)£1123.60]

Q4) Sam buys a minibus for £9732 and is kept for 8 years. It depreciates at rate of 11% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£5900.91 b)£3831.09]

Q4) Jonathan invests £4431 in bonds at 11% compound interest per annum. After how many years will the bonds be worth £5459.44? [ 2 years]

Q5) Prabjot invests £8000 in bonds for 10 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)£9271.4 b)£17271.40]

Q5) Nathan buys a motorbike for £7550 and is kept for 7 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)£995.65 b)£6554.35]

Q5) Logun invests £7204 in a bank. After 4 years it is worth £10936.18. What is the compound interest rate? [ 11%]

Q6) Prabjot invests £6000 in bonds for 13 years at a compound interest rate of 9%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£12394.83 b)£18394.83]

Q6) Alex buys a minibus for £3658 and is kept for 15 years. It depreciates at rate of 2% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£956.31 b)£2701.69]

Q6) Harley invests £1075 in bonds at 1% compound interest per annum. After how many years will the bonds be worth £1129.84? [ 5 years]

Q7) Jaden invests £500 in bonds for 2 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)£51.25 b)£551.25]

Q7) Alfie buys a minibus for £1943 and is kept for 10 years. It depreciates at rate of 7% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£1002.62 b)£940.38]

Q7) Ariel invests £4812 in a bank. After 6 years it is worth £6088.72. What is the compound interest rate? [ 4%]

Q8) Anna invests £9000 in bonds for 10 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)£24364.99 b)£33364.99]

Q8) Jennine buys a motorbike for £6003 and is kept for 10 years. It depreciates at rate of 11% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£4131.16 b)£1871.84]

Q8) McKenzie invests £9172 in a bank. After 6 years it is worth £10951.85. What is the compound interest rate? [ 3%]

Q9) McKenzie invests £6000 in bonds for 7 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£8115.63 b)£14115.63]

Q9) Sabrina buys a car for £8306 and is kept for 12 years. It depreciates at rate of 4% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£3216.83 b)£5089.17]

Q9) Joseph invests £908 in bonds at 4% compound interest per annum. After how many years will the bonds be worth £1104.72? [ 5 years]

Q10) Prabjot invests £8000 in bonds for 13 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)£19618.17 b)£27618.17]

Q10) Logun buys a car for £1406 and is kept for 3 years. It depreciates at rate of 15% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£542.54 b)£863.46]

Q10) Harley invests £7802 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £8614.04? [ 5 years]