Free Printable HouseVrbasso Maths 10

Worksheets

HouseVrbasso Maths 10 - Finance

Total questions: 21

Worksheet time: 30mins

Name

Class

Date

[Finance]

Use the formula I = PRN to find the interest when P = $2000, R = 0.08 and N = 3.

$4800

$480

$240

$320

[Finance]

Find the simple interest on an investment of $6500 at 6.5% p.a. for 2 years.

$422

$320

$650

$845

[Finance]

Find the simple interest on an investment of $27500 at 9% p.a. for 6 months.

$1237.50

$2475.00

$14850

$1485

[Finance]

An amount of $7500 was borrowed at 6% p.a. simple interest for 5 years. What is the total amount that was repaid?

$7750

$9750

$2250

$9250

[Finance]

How many years does $7000 need to be invested for to earn $560 interest at 8% p.a. simple interest?

2.5

1.5

[Finance]

You buy a laptop for $4500. You pay 20% deposit upfront, and the balance over 2 years with simple interest of 14% p.a. on the balance. What is your monthly repayment for the balance?

$75

$42

$192

$84

[Finance]

Find the total compound interest earned on $7200 if it is invested for 2 years at 8% p.a. compounded annually.

$1198.08

$8398.08

$576.00

$1008.80

[Finance]

Find the total compound interest earned on $85000 if it is invested for 10 years at 4% p.a. compounded monthly.

$2876.21

$9321.32

$23876.98

$41720.78

[Finance]

Calculate the total amount returned if $48000 is invested for 3 years at 12% p.a. compounded quarterly.

$187006

$68436

$52450

$39345

10.

[Finance]

A car bought for $16000 depreciates at 8% p.a. Find its value after 3 years.

$20155

$4155

$13574

$12459

11.

[Finance]

You buy a truck for $90000. It depreciates at a rate of 20% p.a. Find the amount of depreciation after 3 years.

$43920

$65520

$46080

$75231

12.

Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. What rate of interest did she pay?

13.

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?

$827.52

$831.10

$839.45

$846.80

14.

Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.

$2794.10

$2738.11

$2774.98

$2807.11

15.

Bruno was given $2000 when he turned 3 years old. His parents invested it at a 2% interest rate compounded annually. No deposits or withdrawls were made. Which expression can be used to determine how much money Bruno had in the account when he turned 16?

2000(1+0.02)¹³

2000(1-0.02)¹³

2000(1+0.02)¹⁶

2000(1-0.02)¹⁶

16.

A population of fish starts at 8,000 and decreases by 6% per year. What is the population of fish after 10 years?

14327

4309

839

7680

17.

If we assume that the annual rate of inflation were to remain steady at 3.4%, and a particular item costs $45 now, what would this suggest we would be paying for the same item in the first and third year?

$46.53 and $49.75

$46.53 and $50.23

$45.12 and $50.23

$45.12 and $49.75

18.

The largest known volcano in the solar system, Olympus Mons, is located on this planet.

Venus

Mars

Mercury

Earth

19.

Which country has the largest population?

Russia

China

India

Asia

20.

What species is this prehistoric animal?

Allasuars

Tyrannosaurs rex

Pteranodon

Coelacanth

21.

which type of renewable energy is currently creating the most electricity generation?

geothermal

hydroelectric

solar

wind

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HouseVrbasso Maths 10 - Finance

Total questions: 21

Worksheet time: 30mins

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