Do not use a calculator for this question.
Aisha invests £750 in a savings account.
The account pays simple interest at a rate of 2% per year.
Work out the interest Aisha gets at the end of one year.
Work out the total amount in Aisha's account at the end of 6 years.
You may use a calculator for this question.
Owen invests £800 for 3 years in a savings account.
The account pays compound interest at a rate of 2% per annum.
Work out the total amount in Owen's account at the end of 3 years.
£ ...........................................
You may use a calculator for this question.
A charity invests £15 000 for 4 years in an account paying compound interest at a rate of 1.8% per annum.
Calculate the total amount of interest the charity will receive at the end of the 4 years.
£ ...........................................
You may use a calculator for this question.
A builder buys a new van for £18 500.
The value of the van depreciates at a rate of 15% per year.
Work out the value of the van at the end of 3 years.
£ ...........................................
You may use a calculator for this question.
Priya invests £5200 for 3 years in an account paying compound interest.
For each of the first 2 years, the rate of interest is 2% per annum.
In the third year, the rate of interest is 3.5%
Work out the value of Priya's investment at the end of 3 years.
£ ...........................................
