Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 45% is? [ x 1.45]

Q1) McKenzie places £340 in a bank for 3 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£81.60 b)£421.60]

Q1) Anna invests £2000 in bonds for 5 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)£1221.02 b)£3221.02]

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

Q2) Hammid places £396 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)£39.60 b)£435.60]

Q2) Anna invests £8000 in bonds for 7 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)£9685.45 b)£17685.45]

Q3) The multiplication factor to increase by 10% is? [ x 1.1]

Q3) Prabjot places £416 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)£87.36 b)£503.36]

Q3) Alex invests £3000 in bonds for 8 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)£3430.77 b)£6430.77]

Q4) The multiplication factor to increase by 35% is? [ x 1.35]

Q4) Harley places £59 in a bank for 6 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£28.32 b)£87.32]

Q4) Joseph invests £7000 in bonds for 13 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)£27286.08 b)£34286.08]

Q5) The multiplication factor to decrease by 30% is? [ x 0.7]

Q5) Kyra places £922 in a bank for 12 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£331.92 b)£1253.92]

Q5) Hammid invests £7000 in bonds for 4 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)£878.56 b)£7878.56]

Q6) The multiplication factor to increase by 5% is? [ x 1.05]

Q6) Anna places £210 in a bank for 11 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£231.00 b)£441.00]

Q6) Nathan invests £3000 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)£9531.74 b)£12531.74]

Q7) The multiplication factor to increase by 20% is? [ x 1.2]

Q7) McKenzie places £96 in a bank for 2 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11.52 b)£107.52]

Q7) Jaden invests £6000 in bonds for 7 years at a compound interest rate of 2%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£892.11 b)£6892.11]

Q8) The multiplication factor to decrease by 5% is? [ x 0.95]

Q8) Anna places £870 in a bank for 15 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1174.50 b)£2044.50]

Q8) Ariel invests £3000 in bonds for 15 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)£18413.81 b)£21413.81]

Q9) The multiplication factor to decrease by 10% is? [ x 0.9]

Q9) Brady places £779 in a bank for 15 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£467.40 b)£1246.40]

Q9) Sam invests £8000 in bonds for 12 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)£8097.57 b)£16097.57]

Q10) The multiplication factor to decrease by 15% is? [ x 0.85]

Q10) Ariel places £527 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)£474.30 b)£1001.30]

Q10) Hassan invests £800 in bonds for 10 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)£2165.78 b)£2965.78]