South Africa Matric · Mathematics

Finance and growth

9 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 9 questions

  1. R12 000 is invested for 2 years at 6% p.a. simple interest. What is the accumulated amount?
  2. A machine costing R60 000 depreciates at 20% p.a. on the reducing-balance method. What is its book value after 3 years?
  3. R6 000 is invested for 4 years at 7% p.a. simple interest. What is the accumulated amount?
  4. A machine costing R100 000 depreciates at 10% p.a. on the reducing-balance method. What is its book value after 3 years?
  5. A machine costing R40 000 depreciates at 15% p.a. on the reducing-balance method. What is its book value after 2 years?
  6. R4 000 is invested for 3 years at 9% p.a. simple interest. What is the accumulated amount?
  7. R15 000 is invested at 12% p.a. compounded annually. What is the value of the investment after 2 years?
  8. R10 000 is invested at 8% p.a. compounded annually. What is the value of the investment after 3 years?
  9. R20 000 is invested at 6% p.a. compounded annually. What is the value of the investment after 4 years?

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