Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 10% is? [ x 0.9]

Q1) Alex places £14 in a bank for 13 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£10.92 b)£24.92]

Q1) Logun invests £2000 in bonds for 9 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£609.55 b)£2609.55]

Q2) The multiplication factor to decrease by 5% is? [ x 0.95]

Q2) Joseph places £51 in a bank for 3 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£12.24 b)£63.24]

Q2) Sharney invests £2000 in bonds for 8 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£165.71 b)£2165.71]

Q3) The multiplication factor to increase by 40% is? [ x 1.4]

Q3) McKenzie places £248 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£69.44 b)£317.44]

Q3) Harley invests £7000 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. [ a)£31314.96 b)£38314.96]

Q4) The multiplication factor to decrease by 50% is? [ x 0.5]

Q4) Sabrina places £732 in a bank for 9 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£461.16 b)£1193.16]

Q4) Harley invests £7000 in bonds for 10 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. [ a)£9571.55 b)£16571.55]

Q5) The multiplication factor to decrease by 25% is? [ x 0.75]

Q5) Jenson places £124 in a bank for 13 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£80.60 b)£204.60]

Q5) McKenzie invests £9000 in bonds for 14 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. [ a)£34984.01 b)£43984.01]

Q6) The multiplication factor to decrease by 35% is? [ x 0.65]

Q6) Jennine places £65 in a bank for 8 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£10.40 b)£75.40]

Q6) Nathan invests £2000 in bonds for 14 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1959.86 b)£3959.86]

Q7) The multiplication factor to increase by 45% is? [ x 1.45]

Q7) Alex places £714 in a bank for 8 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£456.96 b)£1170.96]

Q7) Harley invests £8000 in bonds for 9 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. [ a)£3386.49 b)£11386.49]

Q8) The multiplication factor to decrease by 15% is? [ x 0.85]

Q8) Prabjot places £454 in a bank for 3 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£81.72 b)£535.72]

Q8) Brady invests £7000 in bonds for 12 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. [ a)£23341.66 b)£30341.66]

Q9) The multiplication factor to increase by 35% is? [ x 1.35]

Q9) Sharney places £153 in a bank for 14 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£214.20 b)£367.20]

Q9) Brady invests £8000 in bonds for 10 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£836.98 b)£8836.98]

Q10) The multiplication factor to increase by 50% is? [ x 1.5]

Q10) Kyra places £936 in a bank for 2 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£18.72 b)£954.72]

Q10) Teagan invests £8000 in bonds for 3 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£741.82 b)£8741.82]