Calculate the interest earned on £420 when it is put in an account which pays an interest rate of 7% per year.
£14.70
£29.40
£449.40
Debbie puts £45 into an account which pays simple interest at a rate of 5.2%.
How much money would she have after 3 years?
£52.02
£47.34
£7.02
A sum of £1640 is invested in a bank. The rate of interest is 4.5% per annum. Calculate the simple interest gained in 9 months.
£6.15
£73.80
£55.35
Sam invests £600 into a saving account which has an interest rate of 2% pa (per annum).
Calculate the compound interest he will receive if he leaves the money untouched for 4 years.
(Round to the nearest penny).
£12
£49.45
£49.46
Calculate the compound interest gained on £1600 invested for 3 years at 1.7%.
£83.00
£1681.60
£1683.00
A house costs £102,600 after an 8% increase in house prices. What was the original cost of the house?
£101,650
£95,000
£94,392
Farida buys a car costing £7500. It depreciates in value each year by 7%.
By how much had the car depreciated after 2 years? (Round to the nearest penny).
£6486.75
£1013.25
£1050.00
It is estimated that an iceberg weighs 84000 tonnes.
As the iceberg moves into warmer water, its weight decreases by 25% each day.
What will the iceberg weigh after 3 days in the warmer water?
(Give your answer correct to 2 significant figures).
21000 tonnes
36000 tonnes
35000 tonnes
In a test, Jennifer scored 11 out of 25.
Calculate her percentage mark.
44%
11%
25%
The cost of a toaster is £25 (excluding VAT). If VAT is calculated at 20%, calculate the price of the toaster including VAT.
£30
£20
£35