LDR INTERNATIONAL SCHOOL

DATE : 09/12/2022 Class: O level

NAME OF THE STUDENT

SUBJECT: Mathematics Centre No.: Roll No:

1. How much interest does a $14.57 investment earn at 8% over eight years?
[2]

2. If you put $6.57 into a savings account that earns 6%, how much interest will you receive at the end
of seven years?

[2]

3. If you borrow $675 for six years at an interest rate of 10%, how much interest will you pay

[2]

4. What sum would yield an interest of $80 in 4 years at 4% p.a.

[2]
5. In what time will $800 amount to $1050 if the simple interest is calculated at 15% p.a.

[2]

6. Find the simple interest at the rate of 8% p.a. for 4 years on that principal which in 6 years, 6 months
at the rate of 4% p.a. gives $1600 as simple interest.

[3]

7. Simple interest on a sum of money at the end of 5 years is 2/5 of the sum itself. Find the rate percent
p.a.

[3]

8. You are tired at the end of the term and decide to borrow $500 to go on a trip to Whatever Land. You
go to the bank and borrow the money at 11% for 2 years.
a) Find the interest you will pay on the loan.
[2]

b) How much will you have to pay the bank at the end of the two years?
[2]