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Year 10 Algebra + Compound Interest Test Review

Last updated over 4 years ago

27 Nsɛmmisa

Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

Butler College Year 10 Revision Term 1

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Simplify

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Simplify

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Simplify

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Simplify

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Simplify

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Factorise

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Factorise

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Factorise

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Expand

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Expand

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Factorise

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Factorise

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21.

What is the n value for a compound interest account that is compounded daily?

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22.

Find the total value of an investment of $2000 that is invested at 10% compounded annually for 3 years

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23.

How many years are there is 82 months?

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24.

Barry borrows $200 000 from a bank for 5 years at an interest rate of 8% p.a compounded annually. What is the Principal value?

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25.

Calculate total value for an compound interest account with the following variables:
P = $1000
r= 3%
t= 6 years
n= compounded monthly

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26.

Emily takes out a loan of $8000 for 4 years. The loan is compounded annually at 12% p.a.
What is the total amount of Emily's loan at the end of the term? Round your answers to the nearest cent (2 decimal places)

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27.

How much interest is charged on a loan of $4000 with 7% interest compounded every 6 months for 5 years? Round your answer to the nearest 10cents (1 decimal place)