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) Eva places £320 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)£134.40 b)£454.40]

Q1) Jonathan invests £8000 in bonds for 11 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)£4315.63 b)£12315.63]

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

Q2) Anna places £671 in a bank for 7 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£234.85 b)£905.85]

Q2) Hassan invests £5000 in bonds for 9 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)£975.46 b)£5975.46]

Q3) The multiplication factor to decrease by 25% is? [ x 0.75]

Q3) Alfie places £104 in a bank for 7 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£50.96 b)£154.96]

Q3) Logun invests £10000 in bonds for 10 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)£15937.42 b)£25937.42]

Q4) The multiplication factor to increase by 5% is? [ x 1.05]

Q4) Nathan places £861 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)£361.62 b)£1222.62]

Q4) Julie invests £9000 in bonds for 8 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)£3317.12 b)£12317.12]

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

Q5) Steven places £462 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)£55.44 b)£517.44]

Q5) Teagan invests £2000 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)£10522.7 b)£12522.70]

Q6) The multiplication factor to increase by 40% is? [ x 1.4]

Q6) Lumaya places £238 in a bank for 13 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£92.82 b)£330.82]

Q6) Jenson invests £4000 in bonds for 8 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)£2872.74 b)£6872.74]

Q7) The multiplication factor to decrease by 20% is? [ x 0.8]

Q7) Teagan places £781 in a bank for 11 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£859.10 b)£1640.10]

Q7) Lumaya invests £2000 in bonds for 15 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)£4344.34 b)£6344.34]

Q8) The multiplication factor to increase by 25% is? [ x 1.25]

Q8) Joseph places £49 in a bank for 3 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11.76 b)£60.76]

Q8) Brady invests £9000 in bonds for 11 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)£6393.05 b)£15393.05]

Q9) The multiplication factor to decrease by 45% is? [ x 0.55]

Q9) McKenzie places £798 in a bank for 3 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£239.40 b)£1037.40]

Q9) Nathan invests £9000 in bonds for 14 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)£1345.27 b)£10345.27]

Q10) The multiplication factor to increase by 35% is? [ x 1.35]

Q10) Luke places £58 in a bank for 13 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£37.70 b)£95.70]

Q10) Prabjot invests £10000 in bonds for 3 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)£4049.28 b)£14049.28]