Mr Daniels Maths
Percentages: Interest Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) Sabrina places £735 in a bank for 4 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q1) Harley invests £9000 in bonds for 4 years at a compound interest rate of 9%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q1) Alex buys a motorbike for £1537 and is kept for 8 years. It depreciates at rate of 4% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end.

Q2) Harley places £545 in a bank for 2 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q2) Lumaya invests £1000 in bonds for 6 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q2) Alfie buys a van for £5220 and is kept for 12 years. It depreciates at rate of 5% per year. Calculate (a) money the van loses and (b) the value of the van at the end.

Q3) Monique places £99 in a bank for 11 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q3) Anna invests £7000 in bonds for 10 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q3) Teagan buys a car for £7542 and is kept for 13 years. It depreciates at rate of 7% per year. Calculate (a) money the car loses and (b) the value of the car at the end.

Q4) Alfie places £860 in a bank for 14 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q4) Steven invests £7000 in bonds for 2 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q4) Hassan buys a minibus for £3336 and is kept for 12 years. It depreciates at rate of 10% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.

Q5) Alex places £526 in a bank for 5 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q5) Joseph invests £3000 in bonds for 13 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q5) Lumaya buys a car for £7983 and is kept for 8 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end.

Q6) Sam places £253 in a bank for 11 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q6) Jennine invests £7000 in bonds for 8 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q6) McKenzie buys a car for £64 and is kept for 7 years. It depreciates at rate of 6% per year. Calculate (a) money the car loses and (b) the value of the car at the end.

Q7) Prabjot places £695 in a bank for 8 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q7) Joseph invests £1000 in bonds for 12 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q7) Hassan buys a car for £5798 and is kept for 8 years. It depreciates at rate of 13% per year. Calculate (a) money the car loses and (b) the value of the car at the end.

Q8) Julie places £214 in a bank for 7 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q8) Harley invests £6000 in bonds for 4 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q8) Monique buys a racing bicycle for £7886 and is kept for 9 years. It depreciates at rate of 11% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.

Q9) Sharney places £127 in a bank for 12 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q9) Alex invests £1000 in bonds for 13 years at a compound interest rate of 4%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q9) Jaden buys a racing bicycle for £3841 and is kept for 10 years. It depreciates at rate of 9% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.

Q10) Jaden places £709 in a bank for 15 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q10) Jonathan invests £2000 in bonds for 15 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.

Q10) Hassan buys a van for £9216 and is kept for 2 years. It depreciates at rate of 10% per year. Calculate (a) money the van loses and (b) the value of the van at the end.