Senior High School · WASSCE style
1Find the simple interest on GH¢3,600 at 7½% per annum for 4 years.
2At what simple interest rate will GH¢800 earn GH¢240 in 3 years?
3A car worth GH¢40,000 depreciates by 10% each year. Its value after 2 years is
4GH¢2,000 is invested at 5% compound interest per annum. Its value after 2 years is
5Kofi borrows GH¢4,000 at 12% simple interest per annum and repays GH¢5,440. How long did he borrow?
6At what simple interest rate will GH¢500 earn GH¢75 in 3 years?
7How long will it take GH¢1,500 to earn GH¢450 at 6% simple interest?
8A machine bought for GH¢12,000 depreciates at 15% per annum (reducing balance). Its value after 2 years is
9Find the amount when GH¢5,000 is invested at 8% simple interest for 3 years.
10A phone bought for GH¢2,000 loses 10% of its value each year. What is it worth after 2 years?
Demo questions written by Otisam in the style of the WASSCE. They are not WAEC past questions.
