Mr Daniels Maths
Percentages: Interest Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) Harley places £467 in a bank for 2 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£9.34 b)£476.34]

Q1) Eva invests £8000 in bonds for 9 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)£16032.34 b)£24032.34]

Q1) Nathan buys a minibus for £2171 and is kept for 6 years. It depreciates at rate of 9% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£938.16 b)£1232.84]

Q2) Hassan places £140 in a bank for 9 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£37.80 b)£177.80]

Q2) McKenzie invests £9000 in bonds for 11 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)£4855.09 b)£13855.09]

Q2) Alex buys a motorbike for £7699 and is kept for 11 years. It depreciates at rate of 13% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£6035.03 b)£1663.97]

Q3) Hassan places £560 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)£168.00 b)£728.00]

Q3) Sharney invests £500 in bonds for 11 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)£355.17 b)£855.17]

Q3) Eva buys a motorbike for £6780 and is kept for 8 years. It depreciates at rate of 10% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£3861.43 b)£2918.57]

Q4) Kyra places £228 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)£63.84 b)£291.84]

Q4) Jonathan invests £10000 in bonds for 3 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£5208.75 b)£15208.75]

Q4) Teagan buys a motorbike for £1745 and is kept for 12 years. It depreciates at rate of 7% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£1014.55 b)£730.45]

Q5) Joseph places £53 in a bank for 3 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11.13 b)£64.13]

Q5) Julie invests £3000 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)£1432.37 b)£4432.37]

Q5) Steven buys a racing bicycle for £1220 and is kept for 14 years. It depreciates at rate of 10% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£940.9 b)£279.10]

Q6) Nathan places £323 in a bank for 2 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£6.46 b)£329.46]

Q6) Teagan invests £6000 in bonds for 11 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)£5389.79 b)£11389.79]

Q6) Nathan buys a car for £6682 and is kept for 8 years. It depreciates at rate of 5% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£2249.02 b)£4432.98]

Q7) Jaden places £758 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. [ a)£113.70 b)£871.70]

Q7) Lumaya invests £7000 in bonds for 14 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)£11049.74 b)£18049.74]

Q7) Brady buys a car for £9723 and is kept for 5 years. It depreciates at rate of 14% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£5149.04 b)£4573.96]

Q8) Jaden places £906 in a bank for 11 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£99.66 b)£1005.66]

Q8) Ariel invests £2000 in bonds for 10 years at a compound interest rate of 15%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£6091.12 b)£8091.12]

Q8) Hammid buys a motorbike for £3052 and is kept for 3 years. It depreciates at rate of 9% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£752.1 b)£2299.90]

Q9) Lumaya places £432 in a bank for 15 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£388.80 b)£820.80]

Q9) Alfie invests £8000 in bonds for 2 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)£1331.2 b)£9331.20]

Q9) McKenzie buys a car for £9709 and is kept for 4 years. It depreciates at rate of 2% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£753.73 b)£8955.27]

Q10) Sabrina places £549 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)£384.30 b)£933.30]

Q10) Jennine invests £2000 in bonds for 9 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)£3546.16 b)£5546.16]

Q10) Eva buys a racing bicycle for £1059 and is kept for 2 years. It depreciates at rate of 15% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£293.87 b)£765.13]