COMPOUND INTEREST - Just Maths
COMPOUND INTEREST
Name: _______________________
Total Marks: ___________
Q. Max Actual RAG
1
4
2
3
3
4
4
3
5
3
6
5
justmaths.co.uk
?JustMaths 2013
Q1. Irfon invests ?4000 for 3 years at 3% per annum compound interest. Calculate the value of his investment, correct to the nearest penny, at the end of the 3 years.
(4 Marks)
Q2. Tess invested ?5000 at 4% compound interest for five years. How much was the investment worth after five years?
Q3. Sian invests ?7000 for 3 years at 4% per annum compound interest. Find the compound interest earned in the 3 years.
(3 Marks)
Q4. Jaspal invests 2500 for 2 years at 7% per annum compound interest. What is the value of his investment after 2 years?
(4 Marks)
(3 Mark)
justmaths.co.uk
?JustMaths 2013
Q5. Aminata invested ?2500 for n years in a savings account. She was paid 3% per annum compound interest. At the end of n years, Aminata has ?2813.77 in the savings account. Work out the value of n.
(3 Marks)
Q6. Toby invested ?4500 for 2 years in a savings account. He was paid 4% per annum compound interest. a) How much did Toby have in his savings account after 2 years?
? .............................. Jaspir invested ?2400 for n years in a savings account. He was paid 7.5% per annum compound interest. At the end of the n years he had ?3445.51 in the savings account. (b) Work out the value of n.
justmaths.co.uk
(5 Marks) ?JustMaths 2013
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
Related searches
- daily compound interest calculator
- daily compound interest table excel
- mortgage compound interest calculator monthly
- calculate monthly compound interest formula
- compound interest calculator car loan
- dave ramsey compound interest example
- how to compound interest monthly
- monthly compound interest calculator
- compound interest calculator with reinvesting
- compound interest formula excel spreadsheet
- compound interest calculator excel templates
- power of compound interest examples