Quick questions on Interest, savings, loans and hire purchase - SQA National 5 Applications of Maths

4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is wrong multiplier for depreciation?

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Depreciation multiplies by a number below

1

12\%

fall is

\times 0.88

), not by

1.12

What is q1?

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Find the simple interest on

\pounds 600

4\%

for

2

years. [2 marks]

What is q2?

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\pounds 1000

earns

2\%

compound interest for

3

years. Find the total. [3 marks]

What is q3?

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Hire purchase is a deposit of

\pounds 80

plus

12

payments of

\pounds 20

. Find the total cost. [2 marks]

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