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) Nathan places £585 in a bank for 12 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£280.80 b)£865.80]

Q1) Ariel invests £5000 in bonds for 13 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)£22462.06 b)£27462.06]

Q2) The multiplication factor to increase by 10% is? [ x 1.1]

Q2) Jonathan places £908 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)£508.48 b)£1416.48]

Q2) Jaden invests £2000 in bonds for 5 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)£1077.25 b)£3077.25]

Q3) The multiplication factor to increase by 25% is? [ x 1.25]

Q3) Sabrina places £573 in a bank for 2 years at 2% 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]

Q3) Joseph invests £30 in bonds for 14 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)£21.95 b)£51.95]

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

Q4) Luke places £319 in a bank for 13 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£248.82 b)£567.82]

Q4) Jennine invests £9000 in bonds for 8 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)£4297.1 b)£13297.10]

Q5) The multiplication factor to increase by 15% is? [ x 1.15]

Q5) Luke places £854 in a bank for 12 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£204.96 b)£1058.96]

Q5) Jonathan invests £7000 in bonds for 8 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)£8005.12 b)£15005.12]

Q6) The multiplication factor to decrease by 25% is? [ x 0.75]

Q6) Jenson places £786 in a bank for 5 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£39.30 b)£825.30]

Q6) Alex invests £2000 in bonds for 8 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)£3705.17 b)£5705.17]

Q7) The multiplication factor to increase by 10% is? [ x 1.1]

Q7) Joseph places £53 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)£38.16 b)£91.16]

Q7) Eva invests £1000 in bonds for 5 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)£159.27 b)£1159.27]

Q8) The multiplication factor to decrease by 5% is? [ x 0.95]

Q8) Eva places £273 in a bank for 4 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£54.60 b)£327.60]

Q8) Anna invests £5000 in bonds for 3 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)£624.32 b)£5624.32]

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

Q9) Logun places £679 in a bank for 4 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£81.48 b)£760.48]

Q9) Hassan invests £800 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)£2690.79 b)£3490.79]

Q10) The multiplication factor to decrease by 35% is? [ x 0.65]

Q10) Joseph places £898 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)£754.32 b)£1652.32]

Q10) Joseph invests £7000 in bonds for 6 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)£4108.12 b)£11108.12]