Mr Daniels Maths
Percentages: Interest Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) Jaden places £608 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)£291.84 b)£899.84]

Q1) McKenzie invests £7000 in bonds for 13 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)£3279.74 b)£10279.74]

Q1) Julie buys a minibus for £562 and is kept for 13 years. It depreciates at rate of 10% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£419.15 b)£142.85]

Q2) Teagan places £635 in a bank for 4 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£50.80 b)£685.80]

Q2) Jenson invests £2000 in bonds for 6 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)£2163.9 b)£4163.90]

Q2) Prabjot buys a racing bicycle for £1819 and is kept for 11 years. It depreciates at rate of 7% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1000.26 b)£818.74]

Q3) Julie places £612 in a bank for 5 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£91.80 b)£703.80]

Q3) Ariel invests £5000 in bonds for 13 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)£1468.03 b)£6468.03]

Q3) Joseph buys a minibus for £7831 and is kept for 3 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)£1929.79 b)£5901.21]

Q4) Alex places £898 in a bank for 6 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£484.92 b)£1382.92]

Q4) Alex invests £7000 in bonds for 3 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)£2065.2 b)£9065.20]

Q4) Alex buys a car for £8572 and is kept for 10 years. It depreciates at rate of 4% per year. Calculate (a) money the car loses and (b) the value of the car at the end. [ a)£2873.05 b)£5698.95]

Q5) Teagan places £120 in a bank for 2 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£16.80 b)£136.80]

Q5) Steven invests £9000 in bonds for 7 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)£6424.42 b)£15424.42]

Q5) Sabrina buys a racing bicycle for £4010 and is kept for 13 years. It depreciates at rate of 3% per year. Calculate (a) money the racing bicycle loses and (b) the value of the racing bicycle at the end. [ a)£1311.16 b)£2698.84]

Q6) Jonathan places £636 in a bank for 9 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£286.20 b)£922.20]

Q6) Joseph invests £3000 in bonds for 3 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)£472.88 b)£3472.88]

Q6) Brady buys a minibus for £2980 and is kept for 11 years. It depreciates at rate of 15% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£2481.32 b)£498.68]

Q7) Kyra places £611 in a bank for 9 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£494.91 b)£1105.91]

Q7) Sam invests £3000 in bonds for 14 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)£15784.05 b)£18784.05]

Q7) Sabrina buys a van for £2948 and is kept for 13 years. It depreciates at rate of 10% per year. Calculate (a) money the van loses and (b) the value of the van at the end. [ a)£2198.66 b)£749.34]

Q8) Jenson places £130 in a bank for 10 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£91.00 b)£221.00]

Q8) Ariel invests £500 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)£238.73 b)£738.73]

Q8) Jonathan buys a motorbike for £265 and is kept for 8 years. It depreciates at rate of 8% per year. Calculate (a) money the motorbike loses and (b) the value of the motorbike at the end. [ a)£129 b)£136.00]

Q9) Harley places £450 in a bank for 7 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£31.50 b)£481.50]

Q9) Sharney invests £1000 in bonds for 9 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)£2517.88 b)£3517.88]

Q9) Jenson buys a motorbike for £3053 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)£1738.78 b)£1314.22]

Q10) Hassan places £701 in a bank for 4 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£84.12 b)£785.12]

Q10) Lumaya invests £600 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)£1202.43 b)£1802.43]

Q10) Jaden buys a minibus for £1952 and is kept for 10 years. It depreciates at rate of 3% per year. Calculate (a) money the minibus loses and (b) the value of the minibus at the end. [ a)£512.55 b)£1439.45]