Percentages: Interest Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Alex places £853 in a bank for 3 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Harley invests £8344 in bonds for 10 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.
Q1) Logun buys a minibus at £9288 and is kept for 8 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.
Q2) Nathan places £4 in a bank for 5 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Alfie invests £4742 in bonds for 13 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.
Q2) Ariel buys a van at £133 and is kept for 10 years. It depreciates at rate of 4% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q3) Anna places £423 in a bank for 14 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Prabjot invests £7565 in bonds for 13 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.
Q3) Ariel buys a car at £918 and is kept for 10 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q4) Alex places £301 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.
Q4) Prabjot invests £1062 in bonds for 12 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.
Q4) Ariel buys a car at £4903 and is kept for 5 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.
Q5) Kyra places £146 in a bank for 3 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Anna invests £3468 in bonds for 2 years at a 4% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Sam buys a van at £8473 and is kept for 5 years. It depreciates at rate of 3% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q6) Alfie places £633 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.
Q6) Kyra invests £3980 in bonds for 3 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.
Q6) Alex buys a car at £5248 and is kept for 4 years. It depreciates at rate of 8% per year. Calculate (a) money the car loses and (b) the value of the car at the end.
Q7) Harley places £229 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.
Q7) Teagan invests £2238 in bonds for 6 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.
Q7) McKenzie buys a minibus at £8550 and is kept for 10 years. It depreciates at rate of 14% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q8) Anna places £72 in a bank for 15 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Anna invests £6340 in bonds for 11 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.
Q8) Logun buys a minibus at £5844 and is kept for 6 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.
Q9) Prabjot places £356 in a bank for 6 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Nathan invests £4170 in bonds for 6 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.
Q9) Sharney buys a van at £7991 and is kept for 12 years. It depreciates at rate of 11% per year. Calculate (a) money the van loses and (b) the value of the van at the end.
Q10) Harley places £965 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.
Q10) Ariel invests £7708 in bonds for 9 years at a 11% compound interest rate. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Jenson buys a racing bicycle at £8521 and is kept for 7 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.