Real exam questions: compound growth and inflation, straight-line and reducing-balance depreciation, nominal and effective rates, and timelines with deposits, withdrawals and changing rates. Keep a calculator handy and round only at the end.
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Maths Maestrifx‑MAESTRI · NATURAL DISPLAY
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What this quiz covers
Grade 11 Finance Quiz 2: Exam Questions draws its questions at random from 38 questions across these topics:
Growth and interest
Depreciation
Nominal and effective rates
Timelines
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.
Tshego invested R5 000 for 6 years at an interest rate of 10,5% p.a. compounded monthly. How much will the investment be worth at the end of the 6 years?
The value of an investment increased from R2 500 to R3 923 over seven years. Calculate the average annual rate of increase of the investment.
Sipho bought a laptop costing R9 150 on hire purchase. Hire purchase charges simple interest, here at 18,2% p.a. for two years. How much will he have paid after the two years?
R2 500 is deposited into a savings account at 15% interest per annum compounded monthly. What is the interest rate per month?
R2 500 is deposited at 15% p.a. compounded monthly. Determine the effective yearly interest rate, correct to one decimal place.