Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 30% is? [ x 1.3]

Q1) Julie places £161 in a bank for 12 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£96.60 b)£257.60]

Q1) Kyra invests £3000 in bonds for 9 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£281.06 b)£3281.06]

Q2) The multiplication factor to decrease by 25% is? [ x 0.75]

Q2) Kyra places £116 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)£90.48 b)£206.48]

Q2) Prabjot invests £4000 in bonds for 6 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)£2347.5 b)£6347.50]

Q3) The multiplication factor to decrease by 35% is? [ x 0.65]

Q3) Sabrina places £800 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)£16.00 b)£816.00]

Q3) Alex invests £7000 in bonds for 3 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)£874.05 b)£7874.05]

Q4) The multiplication factor to decrease by 20% is? [ x 0.8]

Q4) Sharney places £955 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)£668.50 b)£1623.50]

Q4) Jenson invests £8000 in bonds for 6 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£492.16 b)£8492.16]

Q5) The multiplication factor to increase by 50% is? [ x 1.5]

Q5) Anna places £923 in a bank for 13 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£479.96 b)£1402.96]

Q5) Jenson invests £3000 in bonds for 4 years at a compound interest rate of 1%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£121.81 b)£3121.81]

Q6) The multiplication factor to decrease by 45% is? [ x 0.55]

Q6) Alex places £544 in a bank for 13 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£707.20 b)£1251.20]

Q6) Anna invests £1000 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)£1012.2 b)£2012.20]

Q7) The multiplication factor to decrease by 10% is? [ x 0.9]

Q7) Kyra places £818 in a bank for 3 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£98.16 b)£916.16]

Q7) Hassan invests £6000 in bonds for 10 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)£11036.53 b)£17036.53]

Q8) The multiplication factor to increase by 40% is? [ x 1.4]

Q8) Jonathan places £166 in a bank for 10 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£66.40 b)£232.40]

Q8) Prabjot invests £3000 in bonds for 7 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)£3228.48 b)£6228.48]

Q9) The multiplication factor to decrease by 40% is? [ x 0.6]

Q9) Anna places £393 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. [ a)£98.25 b)£491.25]

Q9) Prabjot invests £300 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)£88.51 b)£388.51]

Q10) The multiplication factor to increase by 10% is? [ x 1.1]

Q10) Alex places £288 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. [ a)£161.28 b)£449.28]

Q10) Joseph invests £4000 in bonds for 15 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)£7036.13 b)£11036.13]