Mr Daniels Maths
Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) The multiplication factor to increase by 50% is? 1.5
Q1) Alex places £889 in a bank for 14 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£124.46 b)£1013.46
Q1) Sabrina invests £9153 in bonds for 8 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£5435.49 b)£14588.49
Q2) The multiplication factor to decrease by 10% is? 0.9
Q2) Kyra places £492 in a bank for 14 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£619.92 b)£1111.92
Q2) McKenzie invests £9435 in bonds for 6 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£1830.88 b)£11265.88
Q3) The multiplication factor to decrease by 25% is? 0.75
Q3) McKenzie places £795 in a bank for 14 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£111.30 b)£906.30
Q3) Anna invests £3397 in bonds for 13 years at a compound interest rate of 4%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£2259.25 b)£5656.25
Q4) The multiplication factor to increase by 5% is? 1.05
Q4) Alex places £583 in a bank for 3 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£174.90 b)£757.90
Q4) Monique invests £2898 in bonds for 9 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)£2895.12 b)£5793.12
Q5) The multiplication factor to increase by 45% is? 1.45
Q5) Harley places £24 in a bank for 13 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£15.60 b)£39.60
Q5) Anna invests £1289 in bonds for 2 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)£327.92 b)£1616.92
Q6) The multiplication factor to decrease by 20% is? 0.8
Q6) Alex places £221 in a bank for 12 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£265.20 b)£486.20
Q6) Joseph invests £3747 in bonds for 3 years at a compound interest rate of 3%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£347.45 b)£4094.45
Q7) The multiplication factor to increase by 40% is? 1.4
Q7) Anna places £421 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)£303.12 b)£724.12
Q7) Monique invests £3844 in bonds for 10 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)£402.17 b)£4246.17
Q8) The multiplication factor to decrease by 15% is? 0.85
Q8) Jaden places £56 in a bank for 2 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£10.08 b)£66.08
Q8) Kyra invests £1211 in bonds for 10 years at a compound interest rate of 6%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£957.72 b)£2168.72
Q9) The multiplication factor to increase by 10% is? 1.1
Q9) Ariel places £474 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)£47.40 b)£521.40
Q9) Alex invests £3017 in bonds for 12 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)£382.63 b)£3399.63
Q10) The multiplication factor to decrease by 30% is? 0.7
Q10) Sabrina places £491 in a bank for 9 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. a)£265.14 b)£756.14
Q10) Steven invests £258 in bonds for 4 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)£177.75 b)£435.75