Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 25% is? [ x 0.75]

Q1) Monique places £564 in a bank for 8 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£360.96 b)£924.96]

Q1) Joseph invests £5000 in bonds for 2 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)£1272 b)£6272.00]

Q2) The multiplication factor to decrease by 10% is? [ x 0.9]

Q2) McKenzie places £277 in a bank for 8 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£221.60 b)£498.60]

Q2) McKenzie invests £9000 in bonds for 7 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)£13520.42 b)£22520.42]

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

Q3) Julie places £81 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)£1.62 b)£82.62]

Q3) Jaden invests £6000 in bonds for 3 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)£3125.25 b)£9125.25]

Q4) The multiplication factor to increase by 30% is? [ x 1.3]

Q4) Hassan places £980 in a bank for 12 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£823.20 b)£1803.20]

Q4) Alex invests £9000 in bonds for 4 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)£2797.16 b)£11797.16]

Q5) The multiplication factor to decrease by 50% is? [ x 0.5]

Q5) Jonathan places £794 in a bank for 6 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£333.48 b)£1127.48]

Q5) Anna invests £6000 in bonds for 15 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)£3347.8 b)£9347.80]

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

Q6) McKenzie places £578 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)£231.20 b)£809.20]

Q6) Teagan invests £6000 in bonds for 5 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)£4110.35 b)£10110.35]

Q7) The multiplication factor to increase by 50% is? [ x 1.5]

Q7) Jenson places £525 in a bank for 6 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)£556.50]

Q7) Brady 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]

Q8) The multiplication factor to decrease by 15% is? [ x 0.85]

Q8) Alex places £29 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)£18.27 b)£47.27]

Q8) Monique invests £90 in bonds for 15 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)£72.08 b)£162.08]

Q9) The multiplication factor to decrease by 30% is? [ x 0.7]

Q9) Hassan places £421 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)£88.41 b)£509.41]

Q9) Kyra invests £2000 in bonds for 7 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)£814.2 b)£2814.20]

Q10) The multiplication factor to increase by 40% is? [ x 1.4]

Q10) Kyra places £674 in a bank for 5 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£337.00 b)£1011.00]

Q10) Alex invests £4000 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)£1874.13 b)£5874.13]