Percentages: Interest Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Alfie places £770 in a bank for 10 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Anna invests £8234 in bonds for 9 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.
Q1) Kyra buys a racing bicycle at £9401 and is kept for 12 years. It depreciates at rate of 6% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q2) Sharney places £478 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.
Q2) Brady invests £2162 in bonds for 13 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) Alex buys a minibus at £7819 and is kept for 14 years. It depreciates at rate of 5% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q3) Harley places £999 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.
Q3) Prabjot invests £7560 in bonds for 7 years at a 7% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Logun buys a motorbike at £5194 and is kept for 6 years. It depreciates at rate of 14% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end.
Q4) Ariel places £442 in a bank for 10 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q4) Steven invests £4562 in bonds for 2 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) Prabjot buys a van at £8607 and is kept for 4 years. It depreciates at rate of 2% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q5) Anna places £976 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.
Q5) Anna invests £5019 in bonds for 12 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.
Q5) Sharney buys a van at £4968 and is kept for 3 years. It depreciates at rate of 12% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q6) Teagan places £845 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.
Q6) Teagan invests £5876 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.
Q6) Sharney buys a car at £2585 and is kept for 5 years. It depreciates at rate of 4% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q7) Teagan places £677 in a bank for 3 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q7) Ariel invests £2763 in bonds for 5 years at a 10% 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 racing bicycle at £2885 and is kept for 13 years. It depreciates at rate of 13% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q8) Kyra places £240 in a bank for 8 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Jenson invests £7379 in bonds for 9 years at a 10% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Prabjot buys a van at £9823 and is kept for 15 years. It depreciates at rate of 1% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q9) McKenzie places £980 in a bank for 13 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Prabjot invests £519 in bonds for 5 years at a 1% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Sharney buys a car at £5320 and is kept for 2 years. It depreciates at rate of 12% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q10) Prabjot places £422 in a bank for 6 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Ariel invests £8471 in bonds for 7 years at a 1% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Nathan buys a minibus at £7759 and is kept for 4 years. It depreciates at rate of 9% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.