Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 40% is? [ x 0.6]

Q1) Jenson places £807 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£225.96 b)£1032.96]

Q1) Harley invests £7000 in bonds for 14 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)£2236.35 b)£9236.35]

Q2) The multiplication factor to decrease by 10% is? [ x 0.9]

Q2) Monique places £577 in a bank for 9 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£467.37 b)£1044.37]

Q2) Sabrina invests £3000 in bonds for 12 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)£5437.99 b)£8437.99]

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

Q3) Alex places £469 in a bank for 15 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£562.80 b)£1031.80]

Q3) Joseph invests £4000 in bonds for 12 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)£4048.79 b)£8048.79]

Q4) The multiplication factor to increase by 35% is? [ x 1.35]

Q4) Luke places £657 in a bank for 4 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£183.96 b)£840.96]

Q4) Steven invests £8000 in bonds for 13 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)£41222.3 b)£49222.30]

Q5) The multiplication factor to decrease by 5% is? [ x 0.95]

Q5) Harley places £372 in a bank for 4 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£119.04 b)£491.04]

Q5) Jenson invests £8000 in bonds for 11 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)£3073.87 b)£11073.87]

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

Q6) Joseph places £2 in a bank for 2 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£0.24 b)£2.24]

Q6) Hammid invests £2000 in bonds for 13 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)£3439.25 b)£5439.25]

Q7) The multiplication factor to increase by 5% is? [ x 1.05]

Q7) Jonathan places £822 in a bank for 2 years at 8% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£131.52 b)£953.52]

Q7) Anna invests £4000 in bonds for 2 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)£1290 b)£5290.00]

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

Q8) 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]

Q8) Julie invests £10000 in bonds for 2 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)£816 b)£10816.00]

Q9) The multiplication factor to increase by 10% is? [ x 1.1]

Q9) Alfie places £235 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)£169.20 b)£404.20]

Q9) Ariel invests £600 in bonds for 9 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)£599.4 b)£1199.40]

Q10) The multiplication factor to increase by 40% is? [ x 1.4]

Q10) Ariel places £427 in a bank for 6 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£25.62 b)£452.62]

Q10) Anna invests £3000 in bonds for 13 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)£2656.95 b)£5656.95]