Compound Interest and decay Leave a Comment / By Gaant / June 13, 2025 Welcome to your Compound Interest and decay Name Email Answer the following questions ( 2 decimal places) 1. Ethan deposits £2000 in a savings account.It earns compound interest of 5% per year for 3 years.Calculate the total amount at the end of 3 years. Answer: £ 2. Fiona leaves £1600 in the bank for four years.It earns compound interest of 4% each year.Calculate the total amount Fiona has in the bank at the end of the four years. Answer: £ 3. A car was bought for £18000.Its value depreciates by 15% each year for 3 years.Find its value after 3 years. Answer: £ 4. Lucy invests £5000 at an interest rate of 3% per year, compounded yearly, for 5 years.Find the total amount. Answer: £ 5. A laptop worth £1200 depreciates at 20% per year for 2 years.Calculate its value after 2 years. Answer: £ 6. Amir puts £2500 into a savings account with 6% annual compound interest for 4 years.What is the final amount? Answer: £ 7. A car bought for £22000 depreciates by 10% each year for 4 years.What is its value at the end of the 4 years? Answer: £ 8. Olivia invests £3000 at a rate of 4.5% compound interest per year for 3 years.Calculate the final amount. Answer: £ 9. A tablet is worth £500. It depreciates by 30% each year for 2 years.What is its value at the end of the 2 years? Answer: £ 10. Jack deposits £1500 in a savings account that earns 7% compound interest per year for 2 years.How much is in the account after 2 years? Answer: £ 11. A phone worth £900 depreciates 25% per year for 3 years.What is its value after 3 years? Answer: £ 12. Emma saves £1800 in an account with 3.5% compound interest per year for 5 years.Find the total value. Answer: £ 13. A machine bought for £15000 loses 8% of its value each year. Find the value after 4 years. Answer: £ 14. Ben invests £1000 at 10% interest per year compounded for 3 years.What is the total amount? Answer: £ 15. A camera worth £800 depreciates by 12% per year for 2 years.What is its value at the end? Answer: £ 16. Sophia deposits £1600 in an account earning 2.5% interest compounded annually for 4 years.Calculate the final amount. Answer: £ 17. A phone bought for £700 loses 18% of its value each year for 3 years.What is the value at the end of 3 years? Answer: £ 18. A printer is bought for £450. It depreciates 10% annually for 5 years.What is its value after 5 years? Answer: £ 19. Liam invests £1200 at a compound interest rate of 6.5% for 3 years.Calculate the final amount. Answer: £ 20. A bicycle worth £1000 depreciates 5% annually for 3 years.What is its value at the end of the 3 years? Answer: £ Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!
