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) Jaden places £630 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)£189.00 b)£819.00]

Q1) Prabjot invests £4000 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)£4304.64 b)£8304.64]

Q2) The multiplication factor to decrease by 20% is? [ x 0.8]

Q2) Sam places £567 in a bank for 5 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£85.05 b)£652.05]

Q2) Harley invests £8000 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)£34802 b)£42802.00]

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

Q3) Alex places £706 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)£776.60 b)£1482.60]

Q3) Julie invests £4000 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)£288.54 b)£4288.54]

Q4) The multiplication factor to decrease by 10% is? [ x 0.9]

Q4) Kyra places £787 in a bank for 11 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£692.56 b)£1479.56]

Q4) Harley invests £1000 in bonds for 15 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)£1078.93 b)£2078.93]

Q5) The multiplication factor to increase by 5% is? [ x 1.05]

Q5) McKenzie places £461 in a bank for 9 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£41.49 b)£502.49]

Q5) Jennine invests £6000 in bonds for 6 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)£6491.71 b)£12491.71]

Q6) The multiplication factor to increase by 20% is? [ x 1.2]

Q6) Anna places £879 in a bank for 3 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£26.37 b)£905.37]

Q6) Alex invests £4000 in bonds for 14 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)£15548.45 b)£19548.45]

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

Q7) Anna places £180 in a bank for 3 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£27.00 b)£207.00]

Q7) Hammid invests £5000 in bonds for 15 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)£1729.34 b)£6729.34]

Q8) The multiplication factor to decrease by 45% is? [ x 0.55]

Q8) Lumaya places £180 in a bank for 13 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£210.60 b)£390.60]

Q8) Anna invests £9000 in bonds for 8 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)£5344.63 b)£14344.63]

Q9) The multiplication factor to increase by 40% is? [ x 1.4]

Q9) Lumaya places £670 in a bank for 7 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£422.10 b)£1092.10]

Q9) Jenson invests £3000 in bonds for 6 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)£3584.92 b)£6584.92]

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

Q10) Monique places £381 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)£68.58 b)£449.58]

Q10) Julie invests £2000 in bonds for 4 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)£339.72 b)£2339.72]