Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 45% is? [ x 0.55]

Q1) McKenzie places £293 in a bank for 4 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£105.48 b)£398.48]

Q1) Luke invests £9000 in bonds for 5 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)£2486.53 b)£11486.53]

Q2) The multiplication factor to increase by 20% is? [ x 1.2]

Q2) Jennine places £750 in a bank for 9 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£135.00 b)£885.00]

Q2) Kyra invests £7000 in bonds for 4 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)£2881.07 b)£9881.07]

Q3) The multiplication factor to decrease by 50% is? [ x 0.5]

Q3) Monique places £112 in a bank for 7 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£47.04 b)£159.04]

Q3) McKenzie invests £8000 in bonds for 2 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)£2215.2 b)£10215.20]

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

Q4) Lumaya places £21 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)£1.47 b)£22.47]

Q4) Julie invests £3000 in bonds for 7 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)£216.41 b)£3216.41]

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

Q5) Jennine places £825 in a bank for 5 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£288.75 b)£1113.75]

Q5) Teagan invests £2000 in bonds for 4 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)£431.01 b)£2431.01]

Q6) The multiplication factor to decrease by 40% is? [ x 0.6]

Q6) Alex places £734 in a bank for 14 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£822.08 b)£1556.08]

Q6) Julie invests £5000 in bonds for 10 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)£11972.84 b)£16972.84]

Q7) The multiplication factor to decrease by 25% is? [ x 0.75]

Q7) Teagan places £857 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)£179.97 b)£1036.97]

Q7) Sharney invests £3000 in bonds for 5 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)£1014.68 b)£4014.68]

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

Q8) Steven places £947 in a bank for 9 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£681.84 b)£1628.84]

Q8) Alex invests £7000 in bonds for 13 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)£20182.96 b)£27182.96]

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

Q9) Alfie places £281 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)£365.30 b)£646.30]

Q9) Anna invests £5000 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)£3745.03 b)£8745.03]

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

Q10) Prabjot places £946 in a bank for 10 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£756.80 b)£1702.80]

Q10) Jaden invests £6000 in bonds for 13 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)£3990.44 b)£9990.44]