Percentages: Interest Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Sam places £676 in a bank for 4 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Anna invests £3223 in bonds for 4 years at a 5% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Prabjot buys a minibus at £2314 and is kept for 9 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.
Q2) Jenson places £334 in a bank for 8 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Harley invests £1016 in bonds for 10 years at a 6% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Logun buys a racing bicycle at £9812 and is kept for 14 years. It depreciates at rate of 7% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q3) Teagan places £608 in a bank for 4 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Logun invests £1200 in bonds for 9 years at a 9% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Sharney buys a racing bicycle at £7892 and is kept for 3 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.
Q4) Nathan places £19 in a bank for 13 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q4) Sharney invests £3455 in bonds for 3 years at a 3% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q4) Alfie buys a racing bicycle at £9147 and is kept for 5 years. It depreciates at rate of 12% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q5) Prabjot places £642 in a bank for 14 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Prabjot invests £146 in bonds for 12 years at a 8% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Sharney buys a minibus at £1987 and is kept for 4 years. It depreciates at rate of 4% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q6) McKenzie places £407 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.
Q6) Jenson invests £9365 in bonds for 6 years at a 13% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q6) Prabjot buys a car at £5259 and is kept for 5 years. It depreciates at rate of 1% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q7) Prabjot places £34 in a bank for 5 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q7) Teagan invests £2566 in bonds for 3 years at a 2% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q7) Teagan buys a van at £8153 and is kept for 3 years. It depreciates at rate of 8% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q8) Sharney places £768 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.
Q8) Sharney invests £2691 in bonds for 7 years at a 8% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Harley buys a van at £1331 and is kept for 9 years. It depreciates at rate of 9% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q9) Teagan places £989 in a bank for 5 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Ariel invests £4836 in bonds for 9 years at a 14% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Prabjot buys a car at £1617 and is kept for 2 years. It depreciates at rate of 15% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q10) Ariel places £402 in a bank for 9 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Anna invests £4975 in bonds for 15 years at a 13% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Harley buys a car at £4589 and is kept for 14 years. It depreciates at rate of 3% per year. Calculate (a) money the car loses and (b) the value of the car at the end.