7. Interest and Loans
Interactive practice questions
What is the value of a $\$1330$$1330 brand new desk after $7$7 years when the annual inflation rate is $11%$11%? Round your answer to the nearest cent.
Medium
1min
What is the value of a wine collection, currently valued at $\$4790$$4790, after $10$10 years if its rate of appreciation is $9%$9% p.a.?
Medium
1min
The value of land is expected to grow by $6.8%$6.8% each year for the next $5$5 years. If it currently costs $\$460$$460 per square metre, how much will it cost at the end of $5$5 years?
Medium
1min
In $2001$2001, the price of a bottle of orange juice was $\$3.20$$3.20. What was the price of a bottle of orange juice in $2006$2006 if the inflation rate was $8%$8% p.a.?
Medium
1min
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