Q1) Joseph places £901 in a bank for 11 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£891.99 b)£1792.99]
Q1) Hassan 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]
Q1) Sam buys a car for £960 and is kept for 13 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)£843.93 b)£116.07]
Q2) Alex places £469 in a bank for 15 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£562.80 b)£1031.80]
Q2) Monique invests £8000 in bonds for 15 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)£2766.95 b)£10766.95]
Q2) Hassan buys a racing bicycle for £1862 and is kept for 10 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)£1281.4 b)£580.60]
Q3) Logun places £237 in a bank for 3 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£71.10 b)£308.10]
Q3) Sabrina invests £9000 in bonds for 11 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3458.1 b)£12458.10]
Q3) Kyra buys a van for £2721 and is kept for 4 years. It depreciates at rate of 9% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£855.08 b)£1865.92]
Q4) Prabjot places £886 in a bank for 7 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£310.10 b)£1196.10]
Q4) Alfie invests £600 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)£96.58 b)£696.58]
Q4) Alfie buys a minibus for £3965 and is kept for 13 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)£915.83 b)£3049.17]
Q5) Jaden places £947 in a bank for 5 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£47.35 b)£994.35]
Q5) Jaden invests £1000 in bonds for 4 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)£169.86 b)£1169.86]
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]
Q6) Hassan places £23 in a bank for 12 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£8.28 b)£31.28]
Q6) Luke invests £700 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)£185.72 b)£885.72]
Q6) Hammid buys a van for £1416 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)£519.32 b)£896.68]
Q7) Logun places £894 in a bank for 11 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£688.38 b)£1582.38]
Q7) Monique invests £5000 in bonds for 15 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)£5394.64 b)£10394.64]
Q7) Sabrina buys a racing bicycle for £1777 and is kept for 15 years. It depreciates at rate of 10% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1411.13 b)£365.87]
Q8) Joseph places £74 in a bank for 10 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£59.20 b)£133.20]
Q8) McKenzie invests £6000 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)£1916.87 b)£7916.87]
Q8) Teagan buys a motorbike for £7421 and is kept for 15 years. It depreciates at rate of 8% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£5296.39 b)£2124.61]
Q9) Jenson places £520 in a bank for 5 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£234.00 b)£754.00]
Q9) Jaden invests £2000 in bonds for 9 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£609.55 b)£2609.55]
Q9) 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]
Q10) Eva places £867 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£242.76 b)£1109.76]
Q10) Brady invests £5000 in bonds for 3 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)£1298.56 b)£6298.56]
Q10) Luke buys a racing bicycle for £1249 and is kept for 2 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)£259.67 b)£989.33]