Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Multiplication factor to increase by 35% is
Q1) Logun places £918 in a bank for 13 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q1) Alex invests £9904 in bonds for 2 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.
Q2) Multiplication factor to decrease by 50% is
Q2) Steven places £906 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.
Q2) Steven invests £8321 in bonds for 15 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) Multiplication factor to decrease by 20% is
Q3) Harley places £925 in a bank for 15 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Teagan invests £6117 in bonds for 13 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.
Q4) Multiplication factor to decrease by 45% is
Q4) Prabjot places £488 in a bank for 15 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q4) Brady invests £5372 in bonds for 11 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.
Q5) Multiplication factor to increase by 25% is
Q5) Jenson places £602 in a bank for 8 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Steven invests £4948 in bonds for 2 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.
Q6) Multiplication factor to increase by 40% is
Q6) Alex places £294 in a bank for 4 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q6) Anna invests £4902 in bonds for 14 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.
Q7) Multiplication factor to increase by 45% is
Q7) Jenson places £403 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.
Q7) Kyra invests £9601 in bonds for 11 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.
Q8) Multiplication factor to increase by 10% is
Q8) Sharney places £603 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.
Q8) Alex invests £4640 in bonds for 13 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.
Q9) Multiplication factor to increase by 50% is
Q9) Harley places £488 in a bank for 13 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q9) Steven invests £9489 in bonds for 6 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.
Q10) Multiplication factor to decrease by 40% is
Q10) Harley places £519 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.
Q10) Harley invests £4941 in bonds for 9 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.