Eric invests £2800 in a savings account for 5 years.
The account pays simple interest at a rate of 1.5% per year.
Work out the total amount of interest Eric gets by the end of the 5 years.
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Eric invests £2800 in a savings account for 5 years.
The account pays simple interest at a rate of 1.5% per year.
Work out the total amount of interest Eric gets by the end of the 5 years.
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SaveBest Bank pays 2.4% compound interest on its basic savings account.
Alexa invests £600 in the savings account.
Calculate the value of Alexa's investment after 2 years.
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Charlene invests £7800 into a bond which pays 6.2% compound interest.
Work out the total interest that will have been paid on the investment by the end of 3 years.
Give your answer to the nearest pound.
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Ethan invests $6400 at a rate of 2.6% per year simple interest.
Calculate the total value of his investment at the end of 3 years.
$ ................................................
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Jamie invests $12000 at a rate of 5% per year compound interest.
Calculate the value of his investment at the end of 3 years.
$ ..............................................
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Jan invests $800 at a rate of 3% per year simple interest.
Calculate the value of her investment at the end of 4 years.
$ ....................................
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Sam invests $4500 into a savings account which pays 3.5% compound interest each year.
Find the total amount in the account after 6 years.
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Cody is aiming to save $2000 in total.
They invest $1750 in a savings account which pays 6.5% interest each year.
How many years will it take for the balance in the account to reach at least $2000?
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Lukas invests £350 in a savings account.
At the end of 4 years he has received a total of £53.20 simple interest.
Work out the annual rate of simple interest.
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A city has a population of 215 000 people.
The population of the city increases by 1.5% each year.
What is the population of the city after 3 years?
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The value of a new TV is £850.
The value of the TV depreciates by 12% each year.
Work out the value of the TV after 2 years.
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Trina invests $16000 at a rate of 5% per year compound interest.
Work out the value of her investment at the end of 4 years.
$.........................
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Gino invests $6000 for 5 years at a rate of 1.2% per year compound interest.
Calculate the value of his investment at the end of the 5 years.
Give your answer correct to the nearest dollar.
$ .................................................
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Lucia invests $5000 at a rate of 4.5% per year compound interest.
Calculate the value of her investment at the end of 7 years.
$ ..................................................
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Ella invests $4000 for 3 years at a rate of 1.2% per year compound interest.
Calculate the value of her investment at the end of the 3 years.
$...................................................
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Javier invests $750 for 3 years at a rate of 1.8% per year compound interest.
Calculate the value of his investment at the end of the 3 years.
$ ...................................................
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Hawa invests $750 at a rate of 3.5% per year compound interest.
Calculate the value of his investment at the end of 3 years.
$ ..............................
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Sarah invests £16 000 in a savings account.
She gets 2.5% compound interest per annum.
After years Sarah has £17 230.25
Work out .
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Two samples of bacteria are prepared in a laboratory.
Sample A contains 100 bacteria.
The number of bacteria in the sample increase by 60% each hour.
Sample B contains 3000 bacteria.
The number of bacteria in the sample decreases at a rate of 19% per hour.
After 5 hours, which sample contains more bacteria.
You must show all your working.
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Heather wants to invest £35 000 in a bank for 4 years.
Bank A offers 3% compound interest.
Bank B offers 5.1% interest for the first year and 2.5% compound interest for the remaining 3 years.
Which bank will give Heather the most interest at the end of the 4 years.
You must show all your working.
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$12000 is invested at a rate of n% per year simple interest.
At the end of 3 years the value of the investment is $12900.
Find the value of .
= .................................
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Sonia wants to invest $5000 for 6 years.
Bank A pays compound interest at a rate of 3.5% per year.
Bank B increases the $5000 by 22% at the end of 6 years.
Which bank will give Sonia the most money at the end of 6 years and by how much?
You must show all your working.
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Riya invests $30000 at a rate of 2.5% per year compound interest.
Calculate the value of her investment at the end of 7 years.
Give your answer correct to the nearest dollar.
$ .................................................
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Six years ago a farmer invested $3750 at a rate of 4% per year compound interest.
The farmer grows carrots.
In 2018 the selling price for carrots was $96 per tonne.
In 2019 this selling price increased by 18%.
Work out the increase in the selling price from 2018 to 2019.
$ ..............................................
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Paula invests $600 at a rate of% per year simple interest.
At the end of 10 years, the total interest earned is $90.
Find the value of
=........................................
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$8400 is invested for 2 years at a rate of 3.5% per year compound interest.
Work out the total amount of interest earned by the end of the 2 years.
$....................................................
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Harry invests $800 for 2 years at a rate of 3% per year compound interest.
Calculate the amount of interest he receives at the end of the 2 years.
$ ...........................
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Tomas borrows $5000 for 3 years at a rate of 2.5% per year compound interest.
He pays back the whole amount, with interest, at the end of 3 years.
Calculate the total amount of money he pays back at the end of the 3 years.
$ ..............................
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