Lindy puts £78 into an account which pays interest at a rate of 5% per annum.
How much money would she have after two months?
£0.65
£78.65
£85.80
Georgina puts £45 into an account which pays interest at a rate of 5.2% p.a. How much money would she have after a year?
£2.34
£42.66
£47.34
Tom saves £2430 and deposits it in the same high interest account which pays interest at a rate of 9.5% per annum.
How much interest does Tom get if he leaves his money in the account for three years?
£57.71
£692.55
£3122.55
Michelle invests £4200 in a Platinum Saver Account which pays 6.3% interest per annum. How much simple interest will she receive after 10 months?
£22.05
£220.50
£264.20
Mr. Schneider invests £1500 at 8% per annum.
Eight months later he decides to lift out his interest to help pay for a night out.
How much will he draw out?
£10
£80
£120
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
£55.35
£73.80
A computer costs £1800 cash. The credit agreement terms are: deposit 15%, followed by 36 payments of £64.60. Find the extra paid on the credit agreement.
£795.60
£2070
£2595.60
A cooker can be bought on a credit agreement by paying a deposit of 35% and 36 monthly payments of £11.40.
The cooker's cash price is £460. How much is the credit agreement price?
£161
£410.40
£571.40
The cash price of an electric cooker is £540.
The credit agreement terms are: Deposit - 20% of the cash price and 24 monthly instalments of £20.75.
Calculate the total credit agreement price of the cooker.
£108
£606
£498
Ali wished to buy a motorcycle at £480.
He chose to pay by hire purchase.
The terms were 30% deposit with 12 monthly payments of £33.80.
How much was the total credit agreement price?
£406.60
£144
£549.60