Percentages: Interest Simple,Compound and Depreciation

## Difficult

Q1) Prabjot places £440 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.
Q1) Alfie invests £6107 in bonds for 11 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) Ariel buys a racing bicycle at £3035 and is kept for 14 years. It depreciates at rate of 14% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.
Q2) Ariel places £565 in a bank for 8 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Sharney invests £4063 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.
Q2) Ariel buys a motorbike at £9763 and is kept for 5 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.
Q3) Anna places £200 in a bank for 11 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) McKenzie invests £1089 in bonds for 10 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.
Q3) Sam buys a racing bicycle at £1246 and is kept for 13 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.
Q4) Alex places £166 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.
Q4) McKenzie invests £8225 in bonds for 9 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.
Q4) McKenzie buys a car at £8536 and is kept for 14 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.
Q5) Sharney places £528 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.
Q5) Prabjot invests £2494 in bonds for 4 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.
Q5) Anna buys a minibus at £7276 and is kept for 3 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.
Q6) Prabjot places £352 in a bank for 6 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q6) Sam invests £8386 in bonds for 5 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) Harley buys a motorbike at £5954 and is kept for 8 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.
Q7) Brady places £698 in a bank for 11 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q7) Sam invests £8102 in bonds for 4 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.
Q7) Harley buys a motorbike at £3529 and is kept for 10 years. It depreciates at rate of 13% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end.
Q8) Sharney places £178 in a bank for 8 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Logun invests £1508 in bonds for 8 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.
Q8) Nathan buys a minibus at £456 and is kept for 14 years. It depreciates at rate of 2% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end.
Q9) Ariel places £339 in a bank for 5 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Sharney invests £7183 in bonds for 5 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.
Q9) Nathan buys a van at £2191 and is kept for 12 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.
Q10) Brady places £821 in a bank for 4 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q10) Alfie invests £1895 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.
Q10) Jenson buys a racing bicycle at £9889 and is kept for 8 years. It depreciates at rate of 9% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end.