Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 10% is? [ x 1.1]

Q1) Ariel places £573 in a bank for 4 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£22.92 b)£595.92]

Q1) Hassan invests £9000 in bonds for 6 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)£6944.05 b)£15944.05]

Q2) The multiplication factor to increase by 40% is? [ x 1.4]

Q2) Lumaya places £591 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)£496.44 b)£1087.44]

Q2) Prabjot invests £2000 in bonds for 4 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)£1498.01 b)£3498.01]

Q3) The multiplication factor to increase by 15% is? [ x 1.15]

Q3) Lumaya places £582 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)£325.92 b)£907.92]

Q3) Eva invests £200 in bonds for 12 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)£25.37 b)£225.37]

Q4) The multiplication factor to decrease by 30% is? [ x 0.7]

Q4) Monique places £61 in a bank for 6 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£7.32 b)£68.32]

Q4) Alex invests £2000 in bonds for 8 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)£533.54 b)£2533.54]

Q5) The multiplication factor to increase by 35% is? [ x 1.35]

Q5) Monique places £419 in a bank for 9 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£263.97 b)£682.97]

Q5) Julie invests £10000 in bonds for 9 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)£11718.93 b)£21718.93]

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

Q6) Anna places £81 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)£56.70 b)£137.70]

Q6) Eva invests £900 in bonds for 11 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)£1936.58 b)£2836.58]

Q7) The multiplication factor to decrease by 45% is? [ x 0.55]

Q7) Alex places £589 in a bank for 3 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£17.67 b)£606.67]

Q7) Sharney invests £5000 in bonds for 12 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)£19089.52 b)£24089.52]

Q8) The multiplication factor to decrease by 25% is? [ x 0.75]

Q8) Jaden places £944 in a bank for 10 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£849.60 b)£1793.60]

Q8) Luke invests £2000 in bonds for 13 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)£4904.54 b)£6904.54]

Q9) The multiplication factor to increase by 45% is? [ x 1.45]

Q9) Ariel places £595 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)£416.50 b)£1011.50]

Q9) Alex invests £9000 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)£47352.14 b)£56352.14]

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

Q10) Nathan places £71 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)£51.12 b)£122.12]

Q10) Julie invests £200 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)£58.72 b)£258.72]