Earning Money

Simple Interest

Compound Interest

Colyton High

100

How much money do you earn working 4 hours at $15 per hour?

$60

100

How much interest is earned on $1,000 at 4% for 3 years

@120

100

If I invest $2000 now at 4% compounded annually, how much will I have in 2 years?

$2163.20

100

What block is the Laver mural painted in?

B-block

200

Explain "commission"

A **percentage** of the value of goods or services sold.

200

How much interest is earned on $210 at 8% for 7 years

$117.60

200

Which will earn more?

1. $5000 earning 5% compounded six-monthly for 4 years

or

2. $5000 earning 5% compounded quarterly for 4 years

2. Compound quarterly

200

Where is the giant chess board located?

Sheltered Area (COLA)

300

How much pay do you get if you work 20 hours at $16/hr and an extra 6 hours at time and a half?

$464

300

What is the new balance if $4,000 is invested at 3% for 4 years?

$4480

300

What amount will $1700 earning 6% interest compounded quarterly grow to in 3 years?

$2032.55

300

Name 6 faculties (staffrooms) in the school

400

Define "net pay"

your "take home" pay, or what you are left with after you have paid tax/deductions

400

How long does it take for $2000 to earn $120 in interest if it gets 4% p.a.

1.5 years

400

How much do I need to invest now at 2.5% interest compounded annually to have $5000 in 4 years time?

$4529.75

400

Name 4 teachers who left the school within the last 3 years.

Ms Parish, Ms Grewal, Mr Morgan, Mr Burton, Mrs Luck, Mr Stratford, Mrs Johal, Mrs Ransom, Mr Trinh, Ms Lam

500

You earn $1500 after working 40 hours at normal pay, 8 hours at time and a half, and 4 hours at double time. What is your hourly rate of pay?

$25/hr

500

I have $2000 and want to grow it to $5000 in 6 years, what interest rate do I need to earn?

25%

500

What annual compound interest rate is required to increase $1600 to $1830 over 8 years?

1.7%

500

How many steps do you need to go up to go from the ground floor all the way up to D16 (assume you walk up the stairs near D16).

idk lets hope I remember to edit this before we start...