Q1) The multiplication factor to increase by 15% is? [ x 1.15]
Q1) Logun places £237 in a bank for 3 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£71.10 b)£308.10]
Q1) Luke invests £700 in bonds for 6 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)£185.72 b)£885.72]
Q2) The multiplication factor to decrease by 5% is? [ x 0.95]
Q2) Jennine places £962 in a bank for 10 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£962.00 b)£1924.00]
Q2) Joseph invests £8000 in bonds for 15 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. [ a)£11172.47 b)£19172.47]
Q3) The multiplication factor to decrease by 15% is? [ x 0.85]
Q3) Hammid places £382 in a bank for 8 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£275.04 b)£657.04]
Q3) Alex invests £3000 in bonds for 13 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. [ a)£3398.78 b)£6398.78]
Q4) The multiplication factor to increase by 15% is? [ x 1.15]
Q4) Kyra places £960 in a bank for 7 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£336.00 b)£1296.00]
Q4) Harley invests £5000 in bonds for 15 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)£13212.41 b)£18212.41]
Q5) The multiplication factor to increase by 40% is? [ x 1.4]
Q5) McKenzie places £852 in a bank for 14 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£357.84 b)£1209.84]
Q5) Logun invests £3000 in bonds for 6 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. [ a)£1502.19 b)£4502.19]
Q6) The multiplication factor to increase by 50% is? [ x 1.5]
Q6) Ariel places £452 in a bank for 2 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£27.12 b)£479.12]
Q6) Ariel invests £3000 in bonds for 6 years at a compound interest rate of 14%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3584.92 b)£6584.92]
Q7) The multiplication factor to decrease by 15% is? [ x 0.85]
Q7) Sam places £437 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. [ a)£432.63 b)£869.63]
Q7) Jennine invests £9000 in bonds for 15 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)£9710.35 b)£18710.35]
Q8) The multiplication factor to increase by 25% is? [ x 1.25]
Q8) Harley places £683 in a bank for 14 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£286.86 b)£969.86]
Q8) Eva invests £400 in bonds for 8 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£68.66 b)£468.66]
Q9) The multiplication factor to increase by 5% is? [ x 1.05]
Q9) Prabjot places £286 in a bank for 11 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£188.76 b)£474.76]
Q9) Steven invests £1000 in bonds for 3 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)£295.03 b)£1295.03]
Q10) The multiplication factor to increase by 5% is? [ x 1.05]
Q10) Jennine places £226 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)£142.38 b)£368.38]
Q10) Julie invests £6000 in bonds for 13 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£14713.63 b)£20713.63]