Interest rates

1

Lindy puts into an account which pays interest at a rate of per annum.

How much money would she have after two months?

2

Georgina puts into an account which pays interest at a rate of p.a.

How much money would she have after a year?

3

Tom saves and deposits it in a high interest account which pays interest at a rate of per annum.

How much interest does Tom get if he leaves his money in the account for months?

4

Michelle invests in a Platinum Saver Account which pays interest per annum.

How much simple interest will she receive after months?

5

Mr. Schneider invests at 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?

6

A sum of is invested in a bank. The rate of interest is per annum.

Calculate the simple interest gained in months.

7

A computer costs cash. The credit agreement terms are: deposit , followed by payments of . Find the extra paid on the credit agreement.

8

A cooker can be bought on a credit agreement by paying a deposit of and monthly payments of .

The cooker's cash price is . How much is the credit agreement price?

9

The cash price of an electric cooker is .

The credit agreement terms are: Deposit of the cash price and monthly instalments of .

Calculate the total credit agreement price of the cooker.

10

Ali wished to buy a motorcycle at .

He chose to pay by credit agreement.

The terms were deposit with monthly payments of .

How much was the total credit agreement price?