MUFY
Fundamental Mathematics
Unit 1 -(MUF0141)
By: Unique
,
, 1.) An amount of $255 was invested at 8.5% p.a. How
long will it take, to the nearest year, to earn $86.70 in
interest
2.) A back offers 9% p.a. simple interest on an investment.
At the end of 4 years the interest earned was $215.
How much was invested?
By: Unique
1.) If $3200 is invested for 5 years at 6% p.a., interest is
compounded quarterly:
(a) Find the number of interest bearing periods, n
(b) Find the interest rate per period, r
2.) Calculate the number of interest-bearing periods, n,
required and hence the time it will take $3600 to amount
to $5100 at a rate of 7%p.a., with interest compounded
quarterly.
By: Unique
Fundamental Mathematics
Unit 1 -(MUF0141)
By: Unique
,
, 1.) An amount of $255 was invested at 8.5% p.a. How
long will it take, to the nearest year, to earn $86.70 in
interest
2.) A back offers 9% p.a. simple interest on an investment.
At the end of 4 years the interest earned was $215.
How much was invested?
By: Unique
1.) If $3200 is invested for 5 years at 6% p.a., interest is
compounded quarterly:
(a) Find the number of interest bearing periods, n
(b) Find the interest rate per period, r
2.) Calculate the number of interest-bearing periods, n,
required and hence the time it will take $3600 to amount
to $5100 at a rate of 7%p.a., with interest compounded
quarterly.
By: Unique
