# Multiple Choice 1.I invest £1000 for 3 years in a bank account. At the end of the 3 years I have £1260 to the nearest pound. What was the interest rate?

## Presentation on theme: "Multiple Choice 1.I invest £1000 for 3 years in a bank account. At the end of the 3 years I have £1260 to the nearest pound. What was the interest rate?"— Presentation transcript:

Multiple Choice 1.I invest £1000 for 3 years in a bank account. At the end of the 3 years I have £1260 to the nearest pound. What was the interest rate? a) 5% b) 7% c) 8%

Multiple Choice 1.I invest £1000 for 3 years in a bank account. At the end of the 3 years I have £1260 to the nearest pound. What was the interest rate? a) 5% b) 7% c) 8%

Multiple Choice 2.I invest £1000 for 10 years in a bank account. At the end of the 10 years I have £1629 to the nearest pound. What was the interest rate? a) 5% b) 6% c) 7%

Multiple Choice 2.I invest £1000 for 10 years in a bank account. At the end of the 10 years I have £1629 to the nearest pound. What was the interest rate? a) 5% b) 6% c) 7%

Multiple Choice 3. The price of a £10,000 car depreciates by the same percentage every year. If the price after 5 years is £5904 what % of its value does it lose each year? a) 3% b) 5% c) 7%

Multiple Choice 3. The price of a £10,000 car depreciates by the same percentage every year. If the price after 5 years is £5904 what % of its value does it lose each year? a) 3% b) 5% c) 7%

Download ppt "Multiple Choice 1.I invest £1000 for 3 years in a bank account. At the end of the 3 years I have £1260 to the nearest pound. What was the interest rate?"

Similar presentations