Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 5% is? [ x 1.05]

Q1) Logun places £541 in a bank for 12 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£454.44 b)£995.44]

Q1) Jaden invests £9000 in bonds for 5 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)£9102.21 b)£18102.21]

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

Q2) Jonathan places £471 in a bank for 5 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£94.20 b)£565.20]

Q2) Jennine invests £5000 in bonds for 8 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)£4254.65 b)£9254.65]

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

Q3) Lumaya places £890 in a bank for 3 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£240.30 b)£1130.30]

Q3) Sharney invests £900 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)£3915.23 b)£4815.23]

Q4) The multiplication factor to decrease by 25% is? [ x 0.75]

Q4) Alfie places £395 in a bank for 2 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£55.30 b)£450.30]

Q4) Sabrina invests £6000 in bonds for 8 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)£5105.58 b)£11105.58]

Q5) The multiplication factor to increase by 25% is? [ x 1.25]

Q5) Logun places £205 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)£24.60 b)£229.60]

Q5) Lumaya invests £1000 in bonds for 5 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)£469.33 b)£1469.33]

Q6) The multiplication factor to increase by 45% is? [ x 1.45]

Q6) Sabrina places £126 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)£49.14 b)£175.14]

Q6) McKenzie invests £8000 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)£5853.41 b)£13853.41]

Q7) The multiplication factor to decrease by 15% is? [ x 0.85]

Q7) Steven places £15 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)£3.60 b)£18.60]

Q7) Alex invests £7000 in bonds for 3 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)£3370.81 b)£10370.81]

Q8) The multiplication factor to increase by 20% is? [ x 1.2]

Q8) Joseph places £965 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)£1129.05 b)£2094.05]

Q8) Jaden invests £5000 in bonds for 14 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)£22673.76 b)£27673.76]

Q9) The multiplication factor to increase by 15% is? [ x 1.15]

Q9) Prabjot places £327 in a bank for 8 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£130.80 b)£457.80]

Q9) Sabrina invests £400 in bonds for 12 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)£50.73 b)£450.73]

Q10) The multiplication factor to decrease by 5% is? [ x 0.95]

Q10) Jenson places £548 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)£493.20 b)£1041.20]

Q10) Lumaya invests £8000 in bonds for 2 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)£1504.8 b)£9504.80]