Grade 10 maths literacy Simple and Compound Interest (saley)

Front

Jose wants to invest $3000 in a compound interest account with a 3% interest rate for 12 years. What would be his account balance?

Back

$4,277.28

Front

Megan wants to invest $2000 in a simple interest account at 3.5% to gain $490. How many years will it take?

Back

7 years

Front

Jacob invested $400 into a savings account that earned simple interest at a rate of 1.25%. How much interest would he gain in the account after 10 years?

Back

$50

Front

6 year investment of $40,000 at 14% interest compounded annually is worth how much now?

Back

$87,798.90

Front

You borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Back

$72,693.90

Front

3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

Front

Mr Tom borrowed $2000 from a bank. The bank charges a simple interest of 7% per annum. Calculate the interest that he has to pay at the end of 3 years.

Back

$420

Front

Paul deposits $4000 in a bank which pays a compound interest rate of 4% per year. How much will he have in 5 years?

Back

$4866.61

Front

A bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, what will be the total amount of money in your savings account after three years?

Back

$5375

Front

A bank is offering 2.5% simple interest on a savings account. If you deposit $5,000, how much interest will you earn in three years?

Back

$375