management 2016

The value of a computer depreciates at a rate of 20% per annum. A new computer costs

£1200. What will be its value after 2 years

• 768£

• 314.57£

• 128.85£

• 150£

The value of a computer depreciates at a rate of 20% per annum. A new computer costs

£1200. What will be its value after 10 years

• £150

• £128.85

• £314.57

• none

How much must Sam deposit in a 6% savings account if he wants it to amount to £120

after two years?

• 104.32

• 100.23

• 106 .799

• 108.78

You borrow £500 for four years and agree to pay 6 1 2 % compound interest for this period.

What amount will you have to pay back?

• 644.23

• 652.23

• 653.23

• 643. 233

Alan invests £140 in an account that pays r% interest. After the first year he receives

£4.20 interest.

What is the value of r, the rate of interest?

• 4

• 6

• 3

• 1

Natasha invests £250 in a building society account. At the end of the year her account is

credited with 2% interest. How much interest had her £250 earned in the year?

• £5

• £4

• £9

• £7