Percentages: Interest Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Sam places £503 in a bank for 7 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Kyra invests £9197 in bonds for 12 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.
Q1) Sharney buys a minibus at £3845 and is kept for 12 years. It depreciates at rate of 1% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q2) Prabjot places £265 in a bank for 10 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Anna invests £6552 in bonds for 4 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.
Q2) Prabjot buys a van at £3239 and is kept for 6 years. It depreciates at rate of 5% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q3) Sharney places £401 in a bank for 4 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Prabjot invests £9804 in bonds for 3 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.
Q3) Jenson buys a motorbike at £4293 and is kept for 9 years. It depreciates at rate of 1% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end.
Q4) Jenson places £952 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.
Q4) Anna invests £3045 in bonds for 7 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.
Q4) Prabjot buys a van at £2852 and is kept for 11 years. It depreciates at rate of 7% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q5) Jenson places £947 in a bank for 6 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Sharney invests £1624 in bonds for 6 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.
Q5) Alex buys a car at £3979 and is kept for 4 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.
Q6) Anna places £192 in a bank for 5 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q6) Sam invests £3233 in bonds for 13 years at a 12% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q6) Alfie buys a racing bicycle at £3027 and is kept for 8 years. It depreciates at rate of 15% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q7) Jenson places £576 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.
Q7) Kyra invests £2984 in bonds for 3 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) Anna buys a minibus at £276 and is kept for 5 years. It depreciates at rate of 3% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q8) Steven places £591 in a bank for 5 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Ariel invests £7692 in bonds for 8 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.
Q8) Sharney buys a car at £2009 and is kept for 4 years. It depreciates at rate of 2% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q9) Sam places £757 in a bank for 9 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Prabjot invests £8433 in bonds for 13 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.
Q9) Sam buys a motorbike at £9816 and is kept for 4 years. It depreciates at rate of 7% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end.
Q10) Ariel places £228 in a bank for 3 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Kyra invests £9365 in bonds for 15 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.
Q10) McKenzie buys a car at £1488 and is kept for 13 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.