Jan borrowed $1500 at 6% per annum.
Calculate the simple interest for the first three months. (2 marks)
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Financial Maths, STD1 F2 2023 HSC 24
Bobby invested $5000.
The table shows the progress of his investment over the first 4 months.
- What are the values of
and ? (2 marks)
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- Bobby could have earned simple interest on the investment at 0.62% per month.
- How much interest would Bobby have earned over 4 months by choosing this option? (2 marks)
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Financial Maths, STD1 F1 2023 HSC 2 MC
An amount of $2500 is invested at a simple interest rate of 3% per annum.
How much interest is earned in the first two years?
- $75
- $150
- $2575
- $2652
Financial Maths, STD1 F1 2019 HSC 16
What is the interest earned when $800 is invested for 7 months at a simple interest rate of 3% per annum? (2 marks)
Financial Maths, STD2 F1 SM-Bank 2
George makes a single deposit of $9000 into an account that pays simple interest.
After 4 years, George's account has a balance of $10 350.
What simple interest rate did George receive on his investment? (2 marks)
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Financial Maths, STD2 F1 SM-Bank 3 MC
$6000 is invested in an account that earns simple interest at the rate of 3.5% per annum.
The total interest earned in the first four years is
- $70
- $84
- $210
- $840
Financial Maths, STD2 F1 2005 HSC 25a
Reece is preparing his annual budget for 2006.
His expected income is:
• $90 every week as a swimming coach
• Interest earned from an investment of $5000 at a rate of 4% per annum.
His planned expenses are:
• $30 every week on transport
• $12 every week on lunches
• $48 every month on entertainment.
Reece will save his remaining income. He uses the spreadsheet below for his budget.
- Determine the values of
, and . (Assume there are exactly 52 weeks in a year.) (3 marks)
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At the beginning of 2006, Reece starts saving.
- Will Reece have saved enough money during 2006 for a deposit of $2100 on a car if he keeps to his budget? Justify your answer with suitable calculations. (2 marks)
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Financial Maths, STD2 F1 2007 HSC 23a
Lilly and Rose each have money to invest and choose different investment accounts.
The graph shows the values of their investments over time.
- How much was Rose’s original investment? (1 mark)
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- At the end of 6 years, which investment will be worth the most and by how much? (2 marks)
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- Lilly’s investment will reach a value of $20 000 first.
- How much longer will it take Rose’s investment to reach a value of $20 000? (1 mark)
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Financial Maths, STD2 F1 2009 HSC 20 MC
Lou bought a plasma TV which was priced at $3499. He paid $1000 deposit and got a loan for the balance that was paid off by 24 monthly instalments of $135.36.
What simple interest rate per annum, to the nearest percent, was charged on his loan?
- 11%
- 15%
- 30%
- 46%
Financial Maths, STD2 F1 2010 HSC 5 MC
Minjy invests $2000 for 1 year and 5 months. The simple interest is calculated at a rate of 6% per annum.
What is the total value of the investment at the end of this period?
- $2170
- $2180
- $3003
- $3700
Financial Maths, STD2 F1 2013 HSC 13 MC
Polly borrowed $11 000. She repaid the loan in full at the end of two years with a lump sum of $12 000.
What annual simple interest rate was she charged?
- 4.17%
- 4.55%
- 8.33%
- 9.09%
Financial Maths, STD2 F1 2013 HSC 9 MC
Lynne invests $1000 for a term of 15 months. Simple interest is paid on the investment at a rate of 3.75% per annum.
How much will Lynne's investment be worth at the end of the term?
- $1046.88
- $1047.09
- $1296.88
- $1468.75