Simple and compound interest

Question 1 of 10

At what rate per annum will GH¢2,500 amount to GH¢3,025 in 2 years at compound interest?

Question 2 of 10

A phone bought for GH¢2,000 loses 10% of its value each year. What is it worth after 2 years?

Question 3 of 10

Find the compound interest on GH¢8,000 for 3 years at 5% per annum, compounded yearly.

Question 4 of 10

How long will it take GH¢1,500 to earn GH¢450 at 6% simple interest?

Question 5 of 10

GH¢1,000 is invested at 10% per annum compound interest. What is the amount after 2 years?

Question 6 of 10

Find the compound interest on GH¢2,000 for 2 years at 5% per annum.

Question 7 of 10

Find the simple interest on GH¢3,600 at 7½% per annum for 4 years.

Question 8 of 10

GH¢2,000 is invested at 5% compound interest per annum. Its value after 2 years is

Question 9 of 10

Find the amount when GH¢5,000 is invested at 8% simple interest for 3 years.

Question 10 of 10

A machine bought for GH¢12,000 depreciates at 15% per annum (reducing balance). Its value after 2 years is