Aussie Maths & Science Teachers: Save your time with SmarterEd
Dainika invested $2000 for three years at 4.4% per annum, compounding quarterly.
To earn the same amount of interest in three years in a simple interest account, determine the annual simple interest rate. Give your as a percentage, correct to two decimal places. (3 marks)
--- 5 WORK AREA LINES (style=lined) ---
Alex and Jun each invest $1800 for 5 years.
By calculating the interest earned over the 5 years, determine who will have the greater amount. (3 marks)
--- 10 WORK AREA LINES (style=lined) ---
Nina plans to invest $35 000 for 1 year. She is offered two different investment options.
Option A: Interest is paid at 6% per annum compounded monthly.
Option B: Interest is paid at
--- 4 WORK AREA LINES (style=lined) ---
--- 4 WORK AREA LINES (style=lined) ---
The graph show the future values over time of
Which of the following correctly identifies each graph?
| A. |  |
B. |  |
| C. |  |
D. |  |
Lilly and Rose each have money to invest and choose different investment accounts.
The graph shows the values of their investments over time.
--- 1 WORK AREA LINES (style=lined) ---
--- 4 WORK AREA LINES (style=lined) ---
--- 2 WORK AREA LINES (style=lined) ---