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Question 1: An antique painting is bought at auction for £25,000. It appreciates at a rate of 5.7% each year. Calculate the value of the painting after 13 years. Give your answer correct to the nearest whole number. |

Question 2: A new car is bought for £12,750. It depreciates by 17% each year for 6 years. Calculate the loss in value after 6 years. Give your answer correct to the nearest pence. |

Question 3: An antique painting is bought at auction for £616,000. It appreciates at a rate of 9% each year. Calculate the increase in the value of the painting after 7 years. Give your answer correct to the nearest whole number. |

Question 4: The giraffe population at the start of the year 1990 was 161,000. It declines at a rate of 2.7% each year. Calculate the decrease in the giraffe population at the start of the year 2000. Give your answer correct to the nearest whole number. |

Question 5: £9,500 is invested in a savings account for 8 years. The compound interest rate is 7% per annum. Work out the total interest earned after 8 years. Give your answer correct to the nearest pence. |

Question 6: £9,750 is invested in a savings account for 9 years. The compound interest rate is 6% per annum. How much is in the savings account after 9 years? Give your answer correct to the nearest pence. |

Question 7: The giraffe population at the start of the year 2019 was 87,000. It declines at a rate of 1.7% each year. Calculate the giraffe population at the start of the year 2030. Give your answer correct to the nearest whole number. |

Question 8: A new car is bought for £12,000. It depreciates by 34% each year for 3 years. How much is the car worth after 3 years? Give your answer correct to the nearest pence. |

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# Answers

Question 1: £51,394 |

Question 2: £8,581.51 |

Question 3: £510,072 |

Question 4: 38,551 |

Question 5: £6,822.77 |

Question 6: £16,472.42 |

Question 7: 72,046 |

Question 8: £3,449.95 |