Q1) Anna places £726 in a bank for 4 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£261.36 b)£987.36]

Q1) Monique invests £5000 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)£1381.41 b)£6381.41]

Q1) McKenzie buys a racing bicycle for £9500 and is kept for 9 years. It depreciates at rate of 13% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£6787.33 b)£2712.67]

Q2) Julie places £151 in a bank for 5 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£45.30 b)£196.30]

Q2) Alfie invests £8000 in bonds for 15 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)£21139.86 b)£29139.86]

Q2) Sabrina buys a racing bicycle for £5346 and is kept for 8 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)£2087.24 b)£3258.76]

Q3) Jenson places £607 in a bank for 7 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£169.96 b)£776.96]

Q3) Nathan invests £4000 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)£7748.77 b)£11748.77]

Q3) Sam buys a racing bicycle for £3355 and is kept for 9 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)£1240.51 b)£2114.49]

Q4) Jennine places £577 in a bank for 3 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£34.62 b)£611.62]

Q4) Sabrina invests £7000 in bonds for 2 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)£1624.7 b)£8624.70]

Q4) Alex buys a racing bicycle for £1615 and is kept for 4 years. It depreciates at rate of 11% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£601.71 b)£1013.29]

Q5) Sabrina places £366 in a bank for 3 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£65.88 b)£431.88]

Q5) Jonathan invests £600 in bonds for 8 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)£1111.55 b)£1711.55]

Q5) Kyra buys a van for £6713 and is kept for 15 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)£3602.93 b)£3110.07]

Q6) McKenzie places £117 in a bank for 12 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£56.16 b)£173.16]

Q6) Alex invests £3000 in bonds for 12 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)£10003.57 b)£13003.57]

Q6) Kyra buys a van for £1850 and is kept for 15 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)£1320.35 b)£529.65]

Q7) Jennine places £3 in a bank for 11 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2.64 b)£5.64]

Q7) Anna invests £2000 in bonds for 7 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)£2421.36 b)£4421.36]

Q7) Harley buys a minibus for £1273 and is kept for 7 years. It depreciates at rate of 15% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£864.91 b)£408.09]

Q8) Jenson places £789 in a bank for 15 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1065.15 b)£1854.15]

Q8) Steven invests £3000 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)£1014.68 b)£4014.68]

Q8) Anna buys a minibus for £9053 and is kept for 14 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)£7281.86 b)£1771.14]

Q9) Ariel places £959 in a bank for 5 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£95.90 b)£1054.90]

Q9) Julie invests £3000 in bonds for 3 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)£1562.62 b)£4562.62]

Q9) Alfie buys a racing bicycle for £5749 and is kept for 10 years. It depreciates at rate of 14% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£4476.74 b)£1272.26]

Q10) Steven places £909 in a bank for 4 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£181.80 b)£1090.80]

Q10) Nathan invests £9000 in bonds for 14 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)£21075.54 b)£30075.54]

Q10) Luke buys a motorbike for £3774 and is kept for 6 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)£2021.34 b)£1752.66]