10 - Mathematics M1.CA.3 - Simple & Compound Interest

Find SI on $1 000 at 5 % per year for 2 years.

Total amount after Q1 is

What does 'p.a.' mean?

In compound interest, interest is calculated on

$500 at 4 % SI for 3 years gives interest of

Which formula is for compound interest?

$2 000 at 10 % CI for 1 year gives A =

What is the SI on $4,500 at 6.5 % p.a. for 4 years?

$3,000 at 8 % CI for 2 years gives total amount

How many years does $5,000 need to earn $1,200 SI at 6 % p.a.?

A Bahamas saver invests $8,000 at 5 % CI for 3 years. Approximate amount?

What rate (SI) makes $2,000 earn $240 in 3 years?

$10,000 SI at 7 % p.a. for 6 months earns

Compare: $1,000 SI vs CI at 10 % for 3 years. The CI gives MORE by

$15,000 invested at 4 % CI per annum gives an amount of $16,866.96 after how many years?

A Trini credit union charges 9 % SI per annum. To repay $13,500 on a 5-year loan, the principal borrowed was

$20,000 at 6 % CI for 4 years gives an amount (to the nearest $) of

$5,000 at 4 % SI for 5 years versus $5,000 at 4 % CI for 5 years. CI − SI =

At what rate (CI) does $1,000 grow to $1,210 in 2 years?

A house in Belize bought for $400,000 appreciates at 5 % per year. Value after 4 years?

A loan of $25,000 at 8 % SI is repaid with one final payment after 3.5 years. Final amount?