Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 35% is? [ x 1.35]

Q1) Nathan places £585 in a bank for 12 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£280.80 b)£865.80]

Q1) Kyra invests £8000 in bonds for 12 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)£34802 b)£42802.00]

Q2) The multiplication factor to increase by 25% is? [ x 1.25]

Q2) Jonathan places £908 in a bank for 14 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£508.48 b)£1416.48]

Q2) Jonathan invests £3000 in bonds for 8 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)£4427.89 b)£7427.89]

Q3) The multiplication factor to increase by 30% is? [ x 1.3]

Q3) Luke places £319 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. [ a)£248.82 b)£567.82]

Q3) Jenson invests £2000 in bonds for 3 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)£735.26 b)£2735.26]

Q4) The multiplication factor to decrease by 15% is? [ x 0.85]

Q4) Joseph places £53 in a bank for 8 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£38.16 b)£91.16]

Q4) Brady invests £2000 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)£954.91 b)£2954.91]

Q5) The multiplication factor to increase by 10% is? [ x 1.1]

Q5) Jennine places £429 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)£60.06 b)£489.06]

Q5) Joseph invests £5000 in bonds for 10 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£7968.71 b)£12968.71]

Q6) The multiplication factor to increase by 25% is? [ x 1.25]

Q6) Luke places £923 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. [ a)£443.04 b)£1366.04]

Q6) Steven invests £800 in bonds for 11 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)£1264.34 b)£2064.34]

Q7) The multiplication factor to increase by 5% is? [ x 1.05]

Q7) Steven places £50 in a bank for 13 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£52.00 b)£102.00]

Q7) Jenson invests £1000 in bonds for 5 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)£159.27 b)£1159.27]

Q8) The multiplication factor to increase by 5% is? [ x 1.05]

Q8) Joseph places £898 in a bank for 14 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£754.32 b)£1652.32]

Q8) Hassan invests £8000 in bonds for 15 years at a compound interest rate of 10%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£25417.99 b)£33417.99]

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

Q9) Alex places £903 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)£162.54 b)£1065.54]

Q9) Jennine invests £9000 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)£4297.1 b)£13297.10]

Q10) The multiplication factor to increase by 45% is? [ x 1.45]

Q10) Teagan places £894 in a bank for 14 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£375.48 b)£1269.48]

Q10) Joseph invests £30 in bonds for 14 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)£21.95 b)£51.95]