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Interactive Grade 9 Maths Financial Mathematics Worksheet — Financial Mathematics Practice

1.

Compound interest: P=$3736, r=9%, t=1 yr.
A = P(1+r/100)^t ≈ $___ (nearest dollar)

A.5720B.6867C.4072D.6287

2.

Price after 19% increase =

293. O r i g ina l p r i ce =

___

A.246B.215C.416D.362

3.

Car worth $12481 depreciates by 6% each year.
After 1 year value = $___ (nearest dollar)

A.6551B.11732C.12253D.7423