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Grade 11 · Financial Maths
Finance: Growth & Decay (Grade 11)
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  / 16

Answer all questions. Show all your working — marks are awarded for method as well as the final answer.

  1. 1
    R15 000 is invested at 8% p.a. compounded annually. Calculate the value after 5 years.
    (2)
  2. 2
    R15 000 is invested at 8% p.a. compounded monthly. Calculate the value after 5 years.
    (2)
  3. 3
    A car worth R240 000 depreciates at 15% p.a. on a straight line. Calculate its value after 4 years.
    (2)
  4. 4
    A car worth R240 000 depreciates at 15% p.a. on a reducing balance. Calculate its value after 4 years.
    (2)
  5. 5
    Convert 8% p.a. compounded monthly to an effective annual rate.
    (2)
  6. 6
    A loaf of bread costs R18. If inflation is 6% p.a., what will it cost in 8 years?
    (2)
  7. 7
    R50 000 grows to R80 000 at 9% p.a. compounded annually. Calculate n.
    (2)
  8. 8
    State the difference between a nominal and an effective interest rate.
    (2)
TOTAL: 16 marks
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