Appreciation and Depreciation

The average rate of inflation in Australia is 1.43%. If a loaf of bread costs $3.50 now, how much will it cost in 2030 if the rate of inflation stays the same. Round you answer to the nearest 5 cents

• $4

• $4.05

• $40.50

• $5.40

Tyler purchases a gold ring for his girlfriend Trinity that costs $500. Trinity discovers that gold appreciates in value by 3.8% per year. She decides to sell the ring in 5 years time. How much will she get for it?

• $602.50

• $605.20

• $6025

• $6052

Hannah decides to invest $10000 in an account paying 3.45% interest p.a. compounding monthly. How much money will she have in the account in 15 years time?

• $262,511,600.92

• $6,632.50

• $16,632.50

• $16,765.83

Logan purchases a new Hyundai I30 for $20 440. She discovers that the average rate of depreciation in value for cars is 12% per year. Calculate the value of her car in 4 years time.

• $32 162.74

• $12 257.77

• $18 853.21

• $14 500.67

Jack decides to invest his hard earned cash of $5000 into an investment account for 3 years. Unfortunately the investment was a dud and depreciated by 15% each year. Calculate the amount of money that Jack lost.

• $734.12

• $3070.63

• $1929.37

• $4265.88

How much interest is added over ten years to an account paying 9% interest annually on an initial sum of $45800 if the interest is compounded quarterly?

• $111531.65

• $65731.65

• $41220

• $112272.15

The number of people in Rockhampton increases by 0.053% annually. Its current population is 80 665. What will be the population 10 years from now?

• 80 666

• 81 093

• 86 123

• 85 044

Jamal invests $4245 compounded annually over 8 years with an annual interest rate of 6.5% into an account. Calculate how much interest he will earn.

• $2780.46

• $7025.46

• $2207.40

• $6452.40

Shea buys an antique rifle in the hope that one day he will be able to sell it for a profit. The 303 which he purchased for $400 turned out to be riddled with wood rot and depreciated in value by 7.5% each year. He sold it after 5 years. How much did he lose?

• $270.87

• $250

• $150

• $129.13

Due to covid19 the price of fuel is depreciating at a rate of 12% per month. If the cost now is $1.20 per litre, how much will it cost in 1 years time?

• 26 cent per litre

• $1.06

• 29 cents per litre

• 33 cent per litre