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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Syllabus Edition
First teaching 2021
Last exams 2024
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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Samit invests $1800 at a rate of 4.5% per year simple interest.
Work out the value of his investment at the end of 4 years.
$ ...............................
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Jo invests $5000 at a rate of 2% per year compound interest.
Calculate the value of her investment at the end of 3 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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Friedrich borrows $1200 for 3 years at a rate of 5.6% per year compound interest.
Work out the total amount he pays back at the end of the 3 years.
$ ..................................
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Some friends invest $12000 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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Walter invests $600 for 3 years at a rate of 4.5% per year compound interest.
Calculate the interest Walter receives at the end of the 3 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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