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Grade 9 · Financial Maths
Financial Maths: Interest, Hire Purchase & Exchange Rates
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  / 18

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

  1. 1
    Find the simple interest on R4 000 at 9% p.a. for 3 years.
    (2)
  2. 2
    R2 500 at 7% simple interest for 4 years — what is the total amount?
    (2)
  3. 3
    Find the amount when R10 000 is invested at 5% compound interest for 2 years.
    (2)
  4. 4
    R6 000 at 10% compound interest for 3 years — total amount?
    (2)
  5. 5
    A TV costs R9 000. A 15% deposit is paid. How much is the deposit?
    (2)
  6. 6
    Using that deposit, what balance is owed?
    (2)
  7. 7
    If $1 = R18,20, convert $150 to rands.
    (2)
  8. 8
    If $1 = R18,20, convert R910 to dollars.
    (2)
  9. 9
    Calculate 6% commission on sales of R80 000.
    (2)
TOTAL: 18 marks
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