Q1) Lumaya invests £6000 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)£1526.4 b)£7526.40]

Q1) Brady buys a car for £2241 and is kept for 14 years. It depreciates at rate of 10% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£1728.33 b)£512.67]

Q1) Sharney invests £109 in bonds at 6% compound interest per annum. After how many years will the bonds be worth £137.61? [ 4 years]

Q2) Jenson invests £9000 in bonds for 3 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)£834.54 b)£9834.54]

Q2) McKenzie buys a van for £7414 and is kept for 15 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)£6642.16 b)£771.84]

Q2) Monique invests £6447 in a bank. After 3 years it is worth £7044.81. What is the compound interest rate? [ 3%]

Q3) Teagan invests £400 in bonds for 5 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)£274.02 b)£674.02]

Q3) Jaden buys a racing bicycle for £9913 and is kept for 2 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)£1704.04 b)£8208.96]

Q3) Teagan invests £3732 in bonds at 11% compound interest per annum. After how many years will the bonds be worth £5104.00? [ 3 years]

Q4) Sam invests £8000 in bonds for 14 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)£42090.79 b)£50090.79]

Q4) Teagan buys a van for £146 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)£45.88 b)£100.12]

Q4) Kyra invests £4871 in a bank. After 7 years it is worth £12956.96. What is the compound interest rate? [ 15%]

Q5) Alex invests £4000 in bonds for 15 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)£8688.68 b)£12688.68]

Q5) Harley buys a motorbike for £9606 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)£6855.83 b)£2750.17]

Q5) McKenzie invests £315 in bonds at 5% compound interest per annum. After how many years will the bonds be worth £364.65? [ 3 years]

Q6) Kyra invests £5000 in bonds for 15 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)£10860.85 b)£15860.85]

Q6) Nathan buys a motorbike for £6706 and is kept for 8 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)£2618.23 b)£4087.77]

Q6) Alex invests £4090 in a bank. After 2 years it is worth £5222.52. What is the compound interest rate? [ 13%]

Q7) Steven invests £1000 in bonds for 4 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)£310.8 b)£1310.80]

Q7) Joseph buys a van for £3305 and is kept for 15 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)£2501.86 b)£803.14]

Q7) Jenson invests £9136 in bonds at 13% compound interest per annum. After how many years will the bonds be worth £19020.71? [ 6 years]

Q8) Ariel invests £5000 in bonds for 6 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)£2934.37 b)£7934.37]

Q8) Sam buys a motorbike for £3521 and is kept for 15 years. It depreciates at rate of 9% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£2665.37 b)£855.63]

Q8) Alex invests £4509 in bonds at 4% compound interest per annum. After how many years will the bonds be worth £5485.89? [ 5 years]

Q9) Hassan invests £6000 in bonds for 8 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)£12354.14 b)£18354.14]

Q9) Hassan buys a motorbike for £7232 and is kept for 7 years. It depreciates at rate of 13% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£4503.69 b)£2728.31]

Q9) Sharney invests £2722 in bonds at 7% compound interest per annum. After how many years will the bonds be worth £4370.94? [ 7 years]

Q10) Steven invests £10000 in bonds for 7 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)£9487.17 b)£19487.17]

Q10) Jaden buys a minibus for £6525 and is kept for 15 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)£5845.71 b)£679.29]

Q10) Kyra invests £6906 in a bank. After 3 years it is worth £7115.26. What is the compound interest rate? [ 1%]