Compound Measurements

Alice has multiple options for a savings account at a bank.
A – 15% interest per annum
B – 10% interest per annum
C – 5% interest per annum
She intends to put £8000 into the savings account.
If she selects option "A," what will her total balance be after 1 year, once interest is applied?

Alice has multiple options for a savings account at a bank.
A – 15% interest per annum
B – 10% interest per annum
C – 5% interest per annum
She intends to put £8000 into the savings account.
If she selects option "C," what will her total balance be after 1 year, once interest is applied?

Alice has multiple options for a savings account at a bank.
A – 15% simple interest per annum
B – 10% simple interest per annum
C – 5% simple interest per annum
She intends to put £8000 into the savings account.
If she selects option "B," what will her total balance be after 3 years, once interest is applied?

When investing £1000 and the compound interest rate is 5% per year, how much would your balance be by the end of the 2nd year?

When investing £1000 and the compound interest rate is 5% per year, how much would your balance be by the end of the 3rd year?

Janet got a loan of £5000. She must pay 7.5% compound interest a year. How much interest will she have paid over three years?

The value of a television was £600 on 1st March 2021. Every four months, the value of the television decreased by 8% of its value at the start of that four months.
What was the value of the television on 1st March 2022?

Fiona leaves £1600 in the bank for four years.
It earns compound interest of 4% each year.
Calculate the total amount Fiona has in the bank at the end of the four years.

Jenny wants to buy a new kitchen. She borrows £15000 from the bank at a 9.4% annual compound interest. She thinks she needs to pay back a total of more than £19700 at the end of 3 years. Is she correct?

A man has £500
He will put his money into a savings account at a bank.
Bank A pays 2% compound interest every 6 months.
Bank B pays 3.15% interest per annum
Which bank should the man choose?