Q1) Jennine places £678 in a bank for 9 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£427.14 b)£1105.14]

Q1) Hammid invests £5000 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)£3425.29 b)£8425.29]

Q1) Prabjot buys a racing bicycle for £6578 and is kept for 7 years. It depreciates at rate of 10% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£3431.76 b)£3146.24]

Q2) Lumaya places £149 in a bank for 15 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£178.80 b)£327.80]

Q2) Alfie invests £800 in bonds for 8 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£137.33 b)£937.33]

Q2) Monique buys a van for £1600 and is kept for 11 years. It depreciates at rate of 12% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£1207.87 b)£392.13]

Q3) Anna places £898 in a bank for 11 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£592.68 b)£1490.68]

Q3) Joseph invests £7000 in bonds for 15 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)£22240.74 b)£29240.74]

Q3) Ariel buys a motorbike for £2115 and is kept for 3 years. It depreciates at rate of 14% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£769.74 b)£1345.26]

Q4) Hammid places £931 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£260.68 b)£1191.68]

Q4) Luke invests £1000 in bonds for 15 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)£3177.25 b)£4177.25]

Q4) Anna buys a minibus for £3528 and is kept for 11 years. It depreciates at rate of 15% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£2937.61 b)£590.39]

Q5) Jonathan places £519 in a bank for 3 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£155.70 b)£674.70]

Q5) Alex invests £4000 in bonds for 4 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)£162.42 b)£4162.42]

Q5) Luke buys a van for £6159 and is kept for 13 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)£4351.62 b)£1807.38]

Q6) Steven places £733 in a bank for 15 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£329.85 b)£1062.85]

Q6) Sam invests £8000 in bonds for 11 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)£22686.89 b)£30686.89]

Q6) Sharney buys a minibus for £4111 and is kept for 8 years. It depreciates at rate of 1% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£317.6 b)£3793.40]

Q7) Jenson places £871 in a bank for 11 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£670.67 b)£1541.67]

Q7) Eva invests £3000 in bonds for 3 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)£472.88 b)£3472.88]

Q7) Hassan buys a motorbike for £1697 and is kept for 15 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)£1026.19 b)£670.81]

Q8) Jonathan places £371 in a bank for 11 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£163.24 b)£534.24]

Q8) Jenson invests £8000 in bonds for 13 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)£26907.94 b)£34907.94]

Q8) Eva buys a racing bicycle for £2991 and is kept for 14 years. It depreciates at rate of 6% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1733.22 b)£1257.78]

Q9) Jaden places £241 in a bank for 10 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£48.20 b)£289.20]

Q9) Teagan invests £8000 in bonds for 10 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1751.96 b)£9751.96]

Q9) Steven buys a racing bicycle for £616 and is kept for 3 years. It depreciates at rate of 15% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£237.7 b)£378.30]

Q10) Harley places £413 in a bank for 3 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£99.12 b)£512.12]

Q10) Jenson invests £4000 in bonds for 13 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)£13453.97 b)£17453.97]

Q10) Hassan buys a racing bicycle for £3912 and is kept for 4 years. It depreciates at rate of 2% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£303.7 b)£3608.30]