Interest rates

1

Lindy puts \pounds78 into an account which pays interest at a rate of 5\% per annum.

How much money would she have after two months?

2

Georgina puts \pounds45 into an account which pays interest at a rate of 5.2\% p.a.

How much money would she have after a year?

3

Tom saves \pounds2440 and deposits it in a 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 6 months?

4

Michelle invests \pounds4200 in a Platinum Saver Account which pays 6.3\% interest per annum.

How much simple interest will she receive after 10 months?

5

Mr. Schneider invests \pounds1500 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?

6

A sum of \pounds1640 is invested in a bank. The rate of interest is 4.5\% per annum.

Calculate the simple interest gained in 9 months.

7

A computer costs \pounds1800 cash. The credit agreement terms are: deposit 15\%, followed by 36 payments of \pounds64.60. Find the extra paid on the credit agreement.

8

A cooker can be bought on a credit agreement by paying a deposit of 35\% and 36 monthly payments of \pounds11.40.

The cooker's cash price is \pounds460. How much is the credit agreement price?

9

The cash price of an electric cooker is \pounds540.

The credit agreement terms are: Deposit - 20\% of the cash price and 24 monthly instalments of \pounds20.75.

Calculate the total credit agreement price of the cooker.

10

Ali wished to buy a motorcycle at \pounds480.

He chose to pay by credit agreement.

The terms were 30\% deposit with 12 monthly payments of \pounds33.80.

How much was the total credit agreement price?