Q1) Alfie invests £9000 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)£5674.26 b)£14674.26]

Q1) Sam buys a minibus for £5081 and is kept for 6 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)£2555.84 b)£2525.16]

Q1) Hammid invests £8084 in a bank. After 3 years it is worth £9358.24. What is the compound interest rate? [ 5%]

Q2) Sam invests £10000 in bonds for 12 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)£24984.51 b)£34984.51]

Q2) Anna buys a racing bicycle for £7996 and is kept for 2 years. It depreciates at rate of 5% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£779.61 b)£7216.39]

Q2) Jenson invests £1371 in a bank. After 6 years it is worth £2564.34. What is the compound interest rate? [ 11%]

Q3) Alex invests £2000 in bonds for 10 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)£4789.13 b)£6789.13]

Q3) Jonathan buys a motorbike for £4581 and is kept for 5 years. It depreciates at rate of 6% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£1218.99 b)£3362.01]

Q3) Jenson invests £3645 in bonds at 13% compound interest per annum. After how many years will the bonds be worth £4654.30? [ 2 years]

Q4) Eva invests £9000 in bonds for 15 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)£12569.02 b)£21569.02]

Q4) Lumaya buys a van for £3681 and is kept for 4 years. It depreciates at rate of 14% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£1667.46 b)£2013.54]

Q4) Teagan invests £4306 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £4754.17? [ 5 years]

Q5) Nathan invests £9000 in bonds for 7 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)£2843.39 b)£11843.39]

Q5) Anna buys a motorbike for £3595 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)£2713.93 b)£881.07]

Q5) Monique invests £3599 in bonds at 2% compound interest per annum. After how many years will the bonds be worth £4134.12? [ 7 years]

Q6) Teagan invests £2000 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)£4276.86 b)£6276.86]

Q6) Hammid buys a minibus for £3831 and is kept for 12 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)£3203.96 b)£627.04]

Q6) Anna invests £7015 in a bank. After 7 years it is worth £8627.57. What is the compound interest rate? [ 3%]

Q7) Sharney invests £3000 in bonds for 9 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)£4073.84 b)£7073.84]

Q7) Kyra buys a minibus for £1468 and is kept for 15 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)£1315.17 b)£152.83]

Q7) Julie invests £9445 in bonds at 7% compound interest per annum. After how many years will the bonds be worth £12380.47? [ 4 years]

Q8) Julie invests £7000 in bonds for 2 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)£571.2 b)£7571.20]

Q8) Anna buys a car for £3702 and is kept for 4 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£1049.91 b)£2652.09]

Q8) Julie invests £2059 in a bank. After 6 years it is worth £2920.73. What is the compound interest rate? [ 6%]

Q9) Jaden invests £500 in bonds for 15 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)£80.48 b)£580.48]

Q9) Eva buys a racing bicycle for £6109 and is kept for 13 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)£748.22 b)£5360.78]

Q9) Eva invests £7711 in a bank. After 3 years it is worth £8182.97. What is the compound interest rate? [ 2%]

Q10) Nathan invests £3000 in bonds for 6 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)£795.96 b)£3795.96]

Q10) Prabjot buys a car for £7987 and is kept for 7 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£3531.48 b)£4455.52]

Q10) McKenzie invests £215 in a bank. After 7 years it is worth £505.81. What is the compound interest rate? [ 13%]