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Financial maths: interest and depreciation

Calculate simple and compound interest and depreciation over a few years.

In review 2nd Year3rd Year HigherOrdinary
Helps to know first: Indices and roots, Percentages
19practice questions

Fill the gaps: 1 · Multiple choice: 4 · Numeric answer: 13 · Written answer (self/teacher assessed): 1

Each question has up to three hints, a worked explanation, and is tracked in your progress and review plan.

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Numeric answer
€1500 is invested at 4% simple interest per year for 4 years. How much interest is earned in total?
Whole numbers, decimals (2.5) or fractions (3/4).
Hint 1

Simple interest is the same amount every year.

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