Yr 9 - Reinforcement 1
Yr 9 - Reinforcement 1
Yr 9 - Reinforcement 1
DEPARTMENT OF MATHEMATICS
1. Jan invests $800 at a rate of 3% per year simple interest. Calculate the value of her
investment at the end of 4 years.
2. Paula invests $600 at a rate of r% per year simple interest. At the end of 10 years,
the total interest earned is $90.Find the value of r
3. Toby invested £7500 for 2 years in a savings account. He was paid 4% per annum
compound interest.
How much money did Toby have in his savings account at the end of 2 years?
4. Jack has £15 000 to invest in a savings account for 3 years. He finds information
about two savings accounts.
Jack wants to have as much money as possible in his savings account at the end of the 3
years.
Which of these two savings accounts should he choose?
5. Liam invests £6200 for 3 years in a savings account. He gets 2.5% per annum compound
interest.
How much money will Liam have in his savings account at the end of 3 years?
6. Katy invests £200 000 in a savings account for 4 years. The account pays compound
interest at a rate of 1.5 % per annum.
Calculate the total amount of interest Katy will get at the end of 4 years.
7. Marlene invests $550 at a rate of 1.9% per year compound interest. Calculate the value of
the investment at the end of 10 years.
8. Scott invests $500 for 7 years at a rate of 1.5% per year simple interest. Calculate the
value of his investment at the end of the 7 years.
9. Eric invests an amount in a bank that pays compound interest at a rate of 2.16% per year.
At the end of 5 years, the value of his investment is $6999.31.
Calculate the amount Eric invests.
10. The scale of the map is 2cm to 3 km. Work out the scale of the map in the form 1: n
b) On the map a large forest has an area of 6 cm2. Calculate the actual area of the
forest. Give your answer in km2