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1
Mo invests £ in a savings account for 2 years.
The account pays compound interest at an annual rate of
% for the first year
% for the second year
% for the second year
Work out the total amount of money in Mo's account at the end of the 2 years
£ .
3
Q1 Tutorial2
Mo invests £ in a savings account for 2 years.
The account pays compound interest at an annual rate of
% for the first year
% for the second year
% for the second year
Work out the total amount of money in Mo's account at the end of the 2 years
£ .
3
3
Sayem invests £ in a savings account for years.
The account pays compound interest at an annual rate of % per annum.
Work out the total amount of money in Sayem's account at the end of the years
£ .
3
4
Sayem invests £ in a savings account for years.
The account pays compound interest at an annual rate of % per annum.
Work out the total amount of money in Sayem's account at the end of the years
£ .
3
5
Ellie buys a car for £ in
The car depreciates by % every year.
Work out how much Ellie's car is worth in
£ .
3
6
Ellie buys a car for £ in
The car depreciates by % every year.
Work out how much Ellie's car is worth in
£ .
3
7
Harry invests £ in a savings account.
The account pays compound interest at an annual rate of % per annum.
Work out how long it will take Harry to earn £
years
2
8
Harry invests £ in a savings account.
The account pays compound interest at an annual rate of % per annum.
Work out how long it will take Harry to earn £
years
2
9
Hannah has invested £ in a bank account.
She creates a formula to show her the money she has in her account (M) and a given amount of years (n).
Looking at her formula, what is the interest rate of the bank account?
%
1
