Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 20% is? [ x 0.8]

Q1) Julie places £125 in a bank for 7 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£52.50 b)£177.50]

Q1) Alfie invests £6000 in bonds for 2 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)£242.4 b)£6242.40]

Q2) The multiplication factor to increase by 5% is? [ x 1.05]

Q2) Kyra places £805 in a bank for 7 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£450.80 b)£1255.80]

Q2) Jenson invests £7000 in bonds for 8 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11609.11 b)£18609.11]

Q3) The multiplication factor to increase by 50% is? [ x 1.5]

Q3) Jaden places £902 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. [ a)£288.64 b)£1190.64]

Q3) Alex invests £600 in bonds for 12 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)£910.9 b)£1510.90]

Q4) The multiplication factor to decrease by 40% is? [ x 0.6]

Q4) Alfie places £836 in a bank for 11 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£827.64 b)£1663.64]

Q4) Logun invests £4000 in bonds for 11 years at a compound interest rate of 12%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£9914.2 b)£13914.20]

Q5) The multiplication factor to increase by 20% is? [ x 1.2]

Q5) Alex places £773 in a bank for 7 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£108.22 b)£881.22]

Q5) Jenson invests £4000 in bonds for 3 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)£1926.18 b)£5926.18]

Q6) The multiplication factor to increase by 15% is? [ x 1.15]

Q6) Alfie places £866 in a bank for 7 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£606.20 b)£1472.20]

Q6) Joseph invests £4000 in bonds for 15 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£21017.08 b)£25017.08]

Q7) The multiplication factor to decrease by 50% is? [ x 0.5]

Q7) Julie places £22 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)£2.20 b)£24.20]

Q7) Eva invests £9000 in bonds for 12 years at a compound interest rate of 13%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£30010.71 b)£39010.71]

Q8) The multiplication factor to decrease by 45% is? [ x 0.55]

Q8) Joseph places £500 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. [ a)£90.00 b)£590.00]

Q8) Steven invests £1000 in bonds for 13 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)£2065.8 b)£3065.80]

Q9) The multiplication factor to decrease by 35% is? [ x 0.65]

Q9) Alfie places £51 in a bank for 2 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£5.10 b)£56.10]

Q9) Lumaya invests £7000 in bonds for 15 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1126.78 b)£8126.78]

Q10) The multiplication factor to increase by 35% is? [ x 1.35]

Q10) Sam places £182 in a bank for 9 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£131.04 b)£313.04]

Q10) Jaden invests £6000 in bonds for 7 years at a compound interest rate of 11%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£6456.96 b)£12456.96]