Mr Daniels Maths
Percentages: Interest Simple and Compound

Easy

Medium

Difficult

Q1) The multiplication factor to increase by 45% is? 1.45
Q1) Sabrina places £731 in a bank for 8 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£175.44 b)£906.44
Q1) Lumaya invests £377 in bonds for 6 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)£47.56 b)£424.56
Q2) The multiplication factor to decrease by 25% is? 0.75
Q2) Monique places £268 in a bank for 14 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£300.16 b)£568.16
Q2) Brady invests £2734 in bonds for 14 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)£408.66 b)£3142.66
Q3) The multiplication factor to increase by 50% is? 1.5
Q3) Sabrina places £664 in a bank for 7 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£325.36 b)£989.36
Q3) Kyra invests £1814 in bonds for 6 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)£1228.26 b)£3042.26
Q4) The multiplication factor to increase by 20% is? 1.2
Q4) Jaden places £641 in a bank for 15 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£480.75 b)£1121.75
Q4) Julie invests £3469 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)£8506.93 b)£11975.93
Q5) The multiplication factor to increase by 10% is? 1.1
Q5) Hammid places £479 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. a)£95.80 b)£574.80
Q5) Jenson invests £8242 in bonds for 9 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)£18560.56 b)£26802.56
Q6) The multiplication factor to increase by 35% is? 1.35
Q6) Logun places £310 in a bank for 9 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£111.60 b)£421.60
Q6) Alfie invests £2333 in bonds for 14 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. a)£14174.62 b)£16507.62
Q7) The multiplication factor to decrease by 15% is? 0.85
Q7) Sabrina places £549 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. a)£43.92 b)£592.92
Q7) Jonathan invests £3988 in bonds for 5 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)£3040.22 b)£7028.22
Q8) The multiplication factor to decrease by 10% is? 0.9
Q8) Teagan places £76 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. a)£42.56 b)£118.56
Q8) Harley invests £1819 in bonds for 6 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)£1968.07 b)£3787.07
Q9) The multiplication factor to increase by 25% is? 1.25
Q9) Sabrina places £393 in a bank for 7 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£55.02 b)£448.02
Q9) Sabrina invests £5809 in bonds for 3 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£1508.67 b)£7317.67
Q10) The multiplication factor to increase by 40% is? 1.4
Q10) Steven places £615 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. a)£123.00 b)£738.00
Q10) Alex invests £5487 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. a)£795.07 b)£6282.07