Question 5

Ann has arranged to borrow $10 000 at 9.5% p.a. simple interest for four years.
The amount of interest Ann will pay each year is:

Question 5 - multiple choice question

$95

$950

$3800

Question 6

Question 6a - c - multiple choice question

a	Lauren invested $10 000 at 8% p.a. simple interest. She earned $3200 interest. The number of years she invested the money for was:
	3 years	4 years	8 years
b	Felix invested a certain amount of money at 7% p.a. simple interest for 10 years and earned interest of $3500. The principal, the amount he invested was:
	$5000	$7000	$10 000
c	When $5000 was invested for six years, the simple interest earned was $1350. The rate p.a. was:
	4.5%	9%	13.5%