Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 15% is? [ x 1.15]

Q1) Lumaya places £298 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)£119.20 b)£417.20]

Q1) Jonathan invests £2000 in bonds for 7 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)£631.86 b)£2631.86]

Q2) The multiplication factor to decrease by 40% is? [ x 0.6]

Q2) Sabrina places £812 in a bank for 6 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£438.48 b)£1250.48]

Q2) Logun invests £2000 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)£2152.32 b)£4152.32]

Q3) The multiplication factor to decrease by 20% is? [ x 0.8]

Q3) Sharney places £270 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)£140.40 b)£410.40]

Q3) Steven invests £6000 in bonds for 12 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)£26101.5 b)£32101.50]

Q4) The multiplication factor to increase by 10% is? [ x 1.1]

Q4) Jenson places £520 in a bank for 5 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£234.00 b)£754.00]

Q4) Lumaya invests £1000 in bonds for 3 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)£92.73 b)£1092.73]

Q5) The multiplication factor to increase by 40% is? [ x 1.4]

Q5) Ariel places £140 in a bank for 8 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£11.20 b)£151.20]

Q5) Joseph 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]

Q6) The multiplication factor to decrease by 20% is? [ x 0.8]

Q6) Nathan places £260 in a bank for 15 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£234.00 b)£494.00]

Q6) Anna invests £1000 in bonds for 5 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)£216.65 b)£1216.65]

Q7) The multiplication factor to increase by 40% is? [ x 1.4]

Q7) Hammid places £382 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)£275.04 b)£657.04]

Q7) Alex invests £6000 in bonds for 11 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)£9482.56 b)£15482.56]

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

Q8) Teagan places £820 in a bank for 14 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£114.80 b)£934.80]

Q8) Jonathan invests £5000 in bonds for 13 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)£16817.47 b)£21817.47]

Q9) The multiplication factor to increase by 30% is? [ x 1.3]

Q9) Ariel places £902 in a bank for 9 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£243.54 b)£1145.54]

Q9) Eva invests £7000 in bonds for 14 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)£23173.09 b)£30173.09]

Q10) The multiplication factor to increase by 25% is? [ x 1.25]

Q10) Jennine places £962 in a bank for 10 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£962.00 b)£1924.00]

Q10) Lumaya invests £4000 in bonds for 14 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)£7748.77 b)£11748.77]