📘 finance

1. Calculate Simple Interest (SI) on 5,000 for 3 years at 6% p.a. SI formula is $SI = \frac{P \times R \times T}{100}$

1. The problem states that an item initially valued at 150000 depreciates by 10% each year. 2. Calculate the value at the end of each year using the formula for depreciation: $$V =

1. **State the problem:** Given a table of direct costs with each component's cost and percentage chosen, calculate the total direct costs (DC).

1. **Problem 7:** Roger bought 300 shares for $15,000. He sold half (which is 150 shares) for $18,000. Find the gross capital gain on those shares. 2. Calculate the original cost p

1. **State the problem:** We need to find the difference between simple interest (SI) and compound interest (CI) on Rs. 1200 for one year at an interest rate of 10% per annum, with

1. **Stating the problem:** We need to find the time period (in years) for which Rs. 30,000 amount at 7% per annum compound interest becomes Rs. 30,000 + Rs. 4347 = Rs. 34,347. 2.

1. We are given that the amount increases by 60% in 6 years at simple interest. This means the simple interest rate for 6 years is 60% of the principal. 2. Let the principal be $P$

1. **Problem Statement:** Calculate and interpret financial ratios for Sawdust Limited for the years 2023 and 2024. 2. **Ratios and Formulas:**

1. The problem is to calculate the simple interest earned on £2800 at a 3.5% annual interest rate over 6 years. 2. Simple interest is given by the formula $$\text{Interest} = P \ti

1. **State the problem:** We have £1200 deposited in an account with simple interest at 6% per year.

1. **State the problem:** We have an initial principal of $1200$ pounds invested at a simple interest rate of $6\%$ per year.

1. **State the problem:** We start with an initial balance of £4000, and the account earns 5% compound interest per year. We want to find the balance after 1 year and after 2 years

1. **State the problem:** Evie takes out a loan of 600 pounds with compound interest at 24% per year. 2. **Identify the formula for compound interest:** The amount owed after $t$ y

1. The problem states that $1000$ is deposited in a savings account with an annual interest rate of $12.2\%$, compounded quarterly, for $18$ months. We are asked to find the annual

1. **Stating the problem:** Charlie initially bought shares worth 7000. 2. **Part a):** The shares increased in value by 12% after one month. We need to find their worth after this

1. The problem states that the company has an initial amount of £30000 in a bank account. 2. The amount increases by 0.6%, which means the new amount is the original amount plus 0.

1. Problem 1: Find the weekly interest rate in kobo per naira if ₦20 becomes ₦35 in 5 weeks. Step 1: Set the principal \(P = 20\) naira, amount \(A = 35\) naira, time \(t = 5\) wee

1. **State the problem:** Siti invested 7500 in an account with 4.8% annual compound interest 6 years ago. After 4 years, she added 3200. We want the total amount now (after 6 year

1. **State the problem:** Lina deposits 600 monthly for 4 years in an account with 6.2% annual interest compounded monthly, then stops depositing and leaves the money to earn 4.8%

1. **Problem Statement:** Hafiz received a promissory note with a face value of 12000 for 135 days at an annual simple interest rate of 6.25%. The note matures on 10th October 2025

1. The problem asks to find the annual interest rate and the value of the loan after 10 years based on the given amounts at different times. 2. Let the rate of interest per annum b