Grade 10 Finance

The term when buying an expensive item with regular payments including interest charges.

Calculate the simple interest earnt on $4000 at 8% p.a. for 5 years.

Find the interest charged on credit card for July if the balance was $5200 and rate is 17.5%

What is depreciation?

If an account grew to $6500 from $3000, how much interest was earnt?

Calculate the simple interest earnt on $3000 at 9%p.a. for 5 months.

Find the amount $6000 grows to earning 8.2% p.a. compounding monthly for 3 years.

If you receive a 20% discount then an additional 5% discount the equivalent single discount is:

Find the value of a $60 000 asset using reducing balance depreciation of 12% for 7 years.

What is the term used for a small amount of money saved towards a purchase.

How much would be paid in total for 200 deposit & monthly repayments of $150 for two years?

Which formula do you use to calculate monthly credit card interest?

Find the percentage discount if a $180 item is bought for $100 on sale

Find the book value of a $40 000 using straight line depreciation of $3000/yr for 8 years

Find the amount in an account with $3000 earning 6%p.a. compounding quarterly for 2 years.

What does p.a stand for in a finance context

How would you most likely pay for small purchase for less than $10?

Does 7% p.a simple interest earn more than 7% compound interest, compounding monthly?

What would be the deposit if 15% was required for a $40 000 purchase?

Calculate the single equivalent discount if 15% is followed by 8%