Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 35% is? [ x 1.35]

Q1) Jenson places £807 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£225.96 b)£1032.96]

Q1) Teagan invests £2000 in bonds for 13 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£2819.69 b)£4819.69]

Q2) The multiplication factor to decrease by 15% is? [ x 0.85]

Q2) Prabjot places £886 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. [ a)£310.10 b)£1196.10]

Q2) Lumaya invests £4000 in bonds for 3 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1038.85 b)£5038.85]

Q3) The multiplication factor to decrease by 50% is? [ x 0.5]

Q3) Lumaya places £515 in a bank for 10 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£51.50 b)£566.50]

Q3) Sharney invests £6000 in bonds for 6 years at a compound interest rate of 8%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3521.25 b)£9521.25]

Q4) The multiplication factor to increase by 20% is? [ x 1.2]

Q4) Hassan places £264 in a bank for 2 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£21.12 b)£285.12]

Q4) Teagan invests £200 in bonds for 15 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£351.81 b)£551.81]

Q5) The multiplication factor to increase by 50% is? [ x 1.5]

Q5) Brady places £135 in a bank for 6 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£8.10 b)£143.10]

Q5) Alfie invests £8000 in bonds for 8 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3819.64 b)£11819.64]

Q6) The multiplication factor to decrease by 50% is? [ x 0.5]

Q6) Logun places £894 in a bank for 11 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£688.38 b)£1582.38]

Q6) Brady invests £4000 in bonds for 12 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1072.97 b)£5072.97]

Q7) The multiplication factor to decrease by 20% is? [ x 0.8]

Q7) Lumaya places £298 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. [ a)£119.20 b)£417.20]

Q7) Ariel invests £3000 in bonds for 6 years at a compound interest rate of 14%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3584.92 b)£6584.92]

Q8) The multiplication factor to increase by 5% is? [ x 1.05]

Q8) Harley places £539 in a bank for 3 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£80.85 b)£619.85]

Q8) Sabrina invests £3000 in bonds for 12 years at a compound interest rate of 9%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£5437.99 b)£8437.99]

Q9) The multiplication factor to decrease by 40% is? [ x 0.6]

Q9) Kyra places £935 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. [ a)£420.75 b)£1355.75]

Q9) Hassan invests £600 in bonds for 4 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£278.46 b)£878.46]

Q10) The multiplication factor to increase by 30% is? [ x 1.3]

Q10) Steven places £119 in a bank for 10 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11.90 b)£130.90]

Q10) Jennine invests £9000 in bonds for 15 years at a compound interest rate of 5%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£9710.35 b)£18710.35]