ECZ Grade 12 School Certificate Finance, growth and decay — practice questions
5 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice ECZ Grade 12 School Certificate Finance, growth and decay in the app →Simple interest is worked out on which amount only?What does the straight-line method of depreciation take off each year?A sum of 5000 earns 8 percent a year in simple interest for 3 years. What is the accumulated amount?A machine worth 8000 loses 25 percent a year on a reducing-balance basis. What is it worth after 2 years?A sum of 1000 earns 10 percent a year, compounded once a year. What is it worth after 2 years?