Simple,Compound and Depreciation

Easy

Medium

Difficult

Q1) Multiplication factor to increase by 10% is
Q1) McKenzie places £523 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.
Q1) Ariel invests £3195 in bonds for 14 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.
Q2) Multiplication factor to decrease by 10% is
Q2) Steven places £872 in a bank for 9 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q2) Jenson invests £5975 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.
Q3) Multiplication factor to increase by 30% is
Q3) Nathan places £12 in a bank for 11 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q3) Anna invests £7649 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.
Q4) Multiplication factor to decrease by 50% is
Q4) Kyra places £935 in a bank for 2 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q4) Prabjot invests £211 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.
Q5) Multiplication factor to increase by 5% is
Q5) Prabjot places £886 in a bank for 8 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q5) Kyra invests £4762 in bonds for 9 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 decrease by 35% is
Q6) Steven places £624 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.
Q6) Teagan invests £9218 in bonds for 5 years at a 15% 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 decrease by 20% is
Q7) Alfie places £675 in a bank for 5 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q7) Nathan invests £8333 in bonds for 2 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.
Q8) Multiplication factor to increase by 35% is
Q8) Prabjot places £106 in a bank for 8 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period.
Q8) Harley invests £2483 in bonds for 2 years at a 6% 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 decrease by 40% is
Q9) Steven places £430 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.
Q9) Alex invests £1219 in bonds for 10 years at a 3% 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 increase by 50% is
Q10) Brady places £219 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.
Q10) Harley invests £4268 in bonds for 10 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.