Interest (Grade 10 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What happens when you borrow money from a lender?
What happens when you borrow money from a lender?
You pay back more than you borrowed
What happens to your money when you save it in a bank account?
What happens to your money when you save it in a bank account?
Your money grows over time
What is an interest rate?
What is an interest rate?
A % charged for borrowing over time
How does poor credit history affect interest rates on loans?
How does poor credit history affect interest rates on loans?
You'll face higher interest rates
How does length of savings commitment affect interest rates?
How does length of savings commitment affect interest rates?
Longer commitment = higher rate
Calculate 10% interest on R3,500.
Calculate 10% interest on R3,500.
R350
If R6,500 grew to R7,150, what is the interest rate? (Use: )
If R6,500 grew to R7,150, what is the interest rate? (Use: )
10%
A wall unit costs R650 deposit + 36 payments of R449. What's the total cost?
A wall unit costs R650 deposit + 36 payments of R449. What's the total cost?
R16,814
Grant borrows R15,000 at 12% simple interest per annum. Calculate the interest amount.
Grant borrows R15,000 at 12% simple interest per annum. Calculate the interest amount.
R1,800
Why is cash better than hire purchase for the wall unit example?
Why is cash better than hire purchase for the wall unit example?
Instalment costs more than twice cash