Finance & Growth is one of 9 topics in the Grade 10 Mathematics CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
1. Write down the simple interest formula for the accumulated amount A.
2. R5 000 is invested at a simple interest rate of 8% per year for 3 years. Calculate the accumulated amount A, in rand.
3. R5 000 is invested at a simple interest rate of 8% per year for 3 years. Calculate the interest earned (not the total amount), in rand.
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