Q1) Anna places £45 in a bank for 15 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£33.75 b)£78.75]

Q1) Sabrina invests £1000 in bonds for 13 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)£138.09 b)£1138.09]

Q1) Jonathan buys a racing bicycle for £3055 and is kept for 13 years. It depreciates at rate of 9% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£2158.5 b)£896.50]

Q2) Steven places £5 in a bank for 15 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£4.50 b)£9.50]

Q2) McKenzie invests £9000 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)£13283.67 b)£22283.67]

Q2) Sharney buys a car for £9688 and is kept for 5 years. It depreciates at rate of 11% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£4278.16 b)£5409.84]

Q3) McKenzie places £416 in a bank for 7 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£291.20 b)£707.20]

Q3) Alex invests £4000 in bonds for 5 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)£3369.74 b)£7369.74]

Q3) Lumaya buys a racing bicycle for £1717 and is kept for 7 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)£517.95 b)£1199.05]

Q4) Jonathan places £448 in a bank for 2 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£80.64 b)£528.64]

Q4) Steven invests £7000 in bonds for 13 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)£9868.92 b)£16868.92]

Q4) Julie buys a minibus for £8613 and is kept for 13 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)£6719.68 b)£1893.32]

Q5) Monique places £174 in a bank for 2 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£34.80 b)£208.80]

Q5) Prabjot invests £10000 in bonds for 2 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)£2544 b)£12544.00]

Q5) Alex buys a racing bicycle for £7548 and is kept for 5 years. It depreciates at rate of 12% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£3564.68 b)£3983.32]

Q6) Julie places £119 in a bank for 14 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£166.60 b)£285.60]

Q6) Jaden invests £3000 in bonds for 7 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)£4980.06 b)£7980.06]

Q6) Prabjot buys a minibus for £4824 and is kept for 7 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)£2852.55 b)£1971.45]

Q7) Brady places £681 in a bank for 3 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£20.43 b)£701.43]

Q7) Julie invests £8000 in bonds for 8 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)£10436.3 b)£18436.30]

Q7) Logun buys a minibus for £5214 and is kept for 6 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)£3104.59 b)£2109.41]

Q8) Sabrina places £954 in a bank for 15 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£858.60 b)£1812.60]

Q8) Teagan invests £7000 in bonds for 9 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)£2963.18 b)£9963.18]

Q8) Teagan buys a minibus for £1971 and is kept for 9 years. It depreciates at rate of 10% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£1207.39 b)£763.61]

Q9) Nathan places £750 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)£135.00 b)£885.00]

Q9) Lumaya invests £200 in bonds for 11 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)£370.62 b)£570.62]

Q9) McKenzie buys a van for £6667 and is kept for 2 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)£1736.09 b)£4930.91]

Q10) Hammid places £187 in a bank for 10 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£93.50 b)£280.50]

Q10) Jaden 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]

Q10) Harley buys a motorbike for £2128 and is kept for 5 years. It depreciates at rate of 7% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£647.58 b)£1480.42]