Financial Maths

Sebastian wants to buy a new computer on hire purchase. The computer costs R15000. He pays a 15% deposit. The interest rate on the loan is 18% annually. The contract is for 2 years. Work out how much he will pay each month.

• R739.71

• R870.25

• R850

• R722.50

Ebie invests R11000 at an interest rate of 7%, compounded annually. What will the value of the investment be after 12 years?

• R24774.11

• R24317.50

• R17663.60

• R20240

Tags

CCSS.HSF-LE.A.1C

Alec invest R5000 at an interest rate of 6% compounded annually. After 5 years the interest increases to 8.5%. What will the value of the investment be after 11 years?

• R10664.83

• R16414.14

• R10916.36

• R14271.95

Mayumba has R7500 to invest. Bank A gives him a fixed simple interest rate of 8.5%. Bank B gives him an interest rate of 7.2% compounded annually. If he invests his money for 6 years, which bank will have the most growth in this period?

• Bank A

• Bank B

• Their growth will be the same

Luke invests R12000 and receives an interest rate of 5%, compounded annually. What will his investment be worth after 5 years?

• R15000

• R91125.00

• R15315.38

• R63000

Zayaan invest a certain amount for 4 years. He received an annual simple interest rate of 6%. If the investment is worth R8000 at the end, how much did he invest at the start?

• R1886.79

• R6451.61

• R6336.75

• R4532.78

Tags

CCSS.7.RP.A.3

There is currently (2019) 5234250 people living in Cape Town. If the population grows at 1.54% per year, calculate how many people there will be in 2029.

• 6074560

• 6098542.47

• 6098542

• 6006049

Tags

CCSS.HSF-LE.A.1C

A loaf of bread costs R15.99. If the rate of inflation over the last 10 years have been 6% per annum, calculate what the bread cost 10 years ago.

• R8.92

• R9.46

• R28.64

• R9.99