\$ 3200 is invested for three years at a rate of 6\% p.a., compounded annually.
Complete the table below to determine the final value of the investment.
| Balance at beginning of year | Interest earned | |
|---|---|---|
| First year | \$3200 | \$192 |
| Second year | \$3392 | \$203.52 |
| Third year | ||
| Fourth year | - |
Calculate the total interest earned over the three years.
\$3500 is invested for three years at a rate of 10\% p.a., compounded annually.
Complete the table below to determine the final value of the investment.
| Balance at beginning of year | Interest earned | |
|---|---|---|
| First year | \$3500 | \$350 |
| Second year | \$3850 | \$385 |
| Third year | ||
| Fourth year | - |
Calculate the total interest earned over the three years.
\$7400 is invested for three years at a rate of 10\% p.a., compounded annually.
Complete the table below to determine the final value of the investment.
| Balance at beginning of year | Interest earned | |
|---|---|---|
| First year | \$7400 | \$740 |
| Second year | \$8140 | \$814 |
| Third year | ||
| Fourth year | - |
Calculate the total interest earned over the three years.
Tara borrows \$5000 at a rate of 4.5\% p.a., compounded annually.
After 3 years, Tara repays the loan all at once. How much money does she pay back in total?
How much interest was generated on the loan over the three years?
Ivan borrows \$3000 at a rate of 6.9\% p.a., compounded annually.
After 6 years, Ivan repays the loan all at once. How much money does he pay back in total?
How much interest was generated on the loan over the six years?
Bill invests \$21\,000 at a rate of 2.4\% p.a., compounded quarterly.
After 3 years, Bill withdraws the investment all at once. How much money is his investment worth after 3 years?
How much interest was generated by the investment over the three years?
Victoria borrows \$35\,000 at a rate of 4.8\% p.a., compounded monthly.
After 4 months, Victoria repays the loan all at once. How much money does she pay back in total?
How much interest was generated on the loan over the four months?
Emma invests \$24\,500 at a rate of 3.6\% p.a., compounded monthly.
After 5 months, Emma withdraws the investment all at once. How much money is her investment worth at the time of withdrawing?
How much interest was generated by the investment over the five months?
Avril invests \$4000 at an interest rate of 2.1\% p.a., compounded annually. After how many years will Avril's investment be greater than \$4600?
Rosey invests \$15\,000 at an interest rate of 2.1\% p.a., compounded annually. After how many years will Rosey's investment be greater than \$15\,500?
Bill invests \$15\,000 at an interest rate of 2.8\% p.a., compounded annually. After how many years will Bill's investment be greater than \$17\,500?
Luigi invests \$17\,500 at an interest rate of 2.4\% p.a., compounded annually. After how many years will Luigi's investment be greater than \$19\,900?
A new book depreciates in value by 6.6\% every month. The book is currently valued at \$60.
How much will the book be valued at in one months time?
How much will the book be valued at in two months time?
Calculate the value of the book in 4 months time.
A rare pen appreciates in value by 1.5\% every month. The pen is currently valued at \$300.
How much will the pen be valued at in one months time?
How much will the pen be valued at in two months time?
Calculate the value of the pen in 4 months time.
An antique crown appreciates in value by 3.8\% every year. The crown is currently valued at \$2500.
How much will the crown be valued at in one year's time?
How much will the crown be valued at in two years' time?
Calculate the value of the crown in 5 years' time.
A new motorbike depreciates in value by 8.6\% every year. The motorbike is currently valued at \$21\,000.
How much will the motorbike be valued at in one year's time?
How much will the motorbike be valued at in two years' time?
Calculate the value of the motorbike in 5 years' time.
Han purchased a \$7400 TV, which depreciates at a compounded rate of 15\% p.a.
Find the depreciation for the following years:
First year
Second year
Find the expected value after the following years:
First year
Second year
Find the total depreciation over the two years.
Find the percentage of the original value remaining after two years.