Q1) Sabrina invests £300 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)£442.79 b)£742.79]

Q1) Sharney buys a van for £3327 and is kept for 4 years. It depreciates at rate of 15% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£1590.29 b)£1736.71]

Q1) Kyra invests £3507 in a bank. After 5 years it is worth £5648.06. What is the compound interest rate? [ 10%]

Q2) Brady invests £6000 in bonds for 3 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1350.26 b)£7350.26]

Q2) Brady buys a minibus for £7500 and is kept for 5 years. It depreciates at rate of 9% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£2819.76 b)£4680.24]

Q2) Jenson invests £4010 in a bank. After 3 years it is worth £4775.97. What is the compound interest rate? [ 6%]

Q3) Kyra invests £8000 in bonds for 5 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)£2210.25 b)£10210.25]

Q3) Jaden buys a minibus for £5297 and is kept for 2 years. It depreciates at rate of 12% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£1195 b)£4102.00]

Q3) Hassan invests £5984 in bonds at 4% compound interest per annum. After how many years will the bonds be worth £7280.45? [ 5 years]

Q4) Jenson invests £8000 in bonds for 9 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£749.48 b)£8749.48]

Q4) Monique buys a van for £9246 and is kept for 9 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)£4880.4 b)£4365.60]

Q4) Jenson invests £3759 in a bank. After 2 years it is worth £4885.20. What is the compound interest rate? [ 14%]

Q5) Steven invests £2000 in bonds for 14 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)£638.96 b)£2638.96]

Q5) Steven buys a van for £1058 and is kept for 2 years. It depreciates at rate of 12% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£238.68 b)£819.32]

Q5) Steven invests £2137 in bonds at 1% compound interest per annum. After how many years will the bonds be worth £2223.77? [ 4 years]

Q6) Alex invests £4000 in bonds for 15 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)£8688.68 b)£12688.68]

Q6) Jaden buys a car for £437 and is kept for 15 years. It depreciates at rate of 9% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£330.81 b)£106.19]

Q6) Logun invests £2086 in a bank. After 3 years it is worth £3009.88. What is the compound interest rate? [ 13%]

Q7) Sharney invests £5000 in bonds for 14 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£7892.67 b)£12892.67]

Q7) Alex buys a motorbike for £8047 and is kept for 11 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)£6074.83 b)£1972.17]

Q7) Nathan invests £4610 in a bank. After 4 years it is worth £4990.01. What is the compound interest rate? [ 2%]

Q8) Nathan invests £1000 in bonds for 12 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)£2138.43 b)£3138.43]

Q8) Alex buys a minibus for £6249 and is kept for 2 years. It depreciates at rate of 8% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£959.85 b)£5289.15]

Q8) Sam invests £3449 in a bank. After 4 years it is worth £4520.94. What is the compound interest rate? [ 7%]

Q9) Nathan invests £3000 in bonds for 4 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)£1891.42 b)£4891.42]

Q9) Jenson buys a minibus for £3598 and is kept for 15 years. It depreciates at rate of 3% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£1319.56 b)£2278.44]

Q9) Alex invests £707 in bonds at 15% compound interest per annum. After how many years will the bonds be worth £1422.03? [ 5 years]

Q10) Julie invests £2000 in bonds for 5 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)£1370.12 b)£3370.12]

Q10) Kyra buys a van for £7410 and is kept for 6 years. It depreciates at rate of 12% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£3968.77 b)£3441.23]

Q10) Joseph invests £711 in bonds at 7% compound interest per annum. After how many years will the bonds be worth £1067.02? [ 6 years]