Simple and compound interest, straight-line and reducing-balance depreciation, nominal versus effective rates, different compounding periods, and timelines with withdrawals — the full CAPS Grade 11 Finance, Growth and Decay topic.
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Maths Maestrifx‑MAESTRI · NATURAL DISPLAY
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What this quiz covers
Grade 11 Financial Maths Quiz draws its questions at random from 31 questions across these topics:
Simple interest
Compound interest
Reducing-balance decay
Straight-line decay
Effective rate
Compounding periods
Population growth
Inflation
Solving for P
Simple interest + bonus
Timelines
Simple vs compound
Depreciation
Interest earned
Growth and decay
Reasoning
Formula choice
Example questions
A sample of the questions you will practise in this quiz. Work them out yourself - the full solution appears after you answer each one.
Simple interest is always calculated on:
R8 000 is invested at 9% per annum simple interest for 5 years. Find the value of the investment.
R8 000 is invested at 9% per annum compounded annually for 5 years. Find the value.
On the diminishing-balance (reducing-balance) method, each year the value is multiplied by:
A car worth R180 000 depreciates at 12% per annum on a reducing-balance basis. Find its value after 4 years.