Mr Daniels Maths
Simple,Compound and Depreciation

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 35% is? [ x 0.65]

Q1) Nathan places £24 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)£0.96 b)£24.96]

Q1) Alex invests £4000 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)£18139.01 b)£22139.01]

Q2) The multiplication factor to decrease by 15% is? [ x 0.85]

Q2) Julie places £232 in a bank for 7 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£64.96 b)£296.96]

Q2) Nathan invests £7000 in bonds for 4 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)£1837.34 b)£8837.34]

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

Q3) Joseph places £441 in a bank for 11 years at 9% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£436.59 b)£877.59]

Q3) Alex invests £9000 in bonds for 5 years at a compound interest rate of 7%. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£3622.97 b)£12622.97]

Q4) The multiplication factor to decrease by 40% is? [ x 0.6]

Q4) Jonathan places £974 in a bank for 12 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£1168.80 b)£2142.80]

Q4) Kyra invests £400 in bonds for 4 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)£50.2 b)£450.20]

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

Q5) Kyra places £380 in a bank for 11 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£41.80 b)£421.80]

Q5) Jonathan invests £9000 in bonds for 4 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)£1939.56 b)£10939.56]

Q6) The multiplication factor to decrease by 45% is? [ x 0.55]

Q6) Jaden places £174 in a bank for 12 years at 1% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£20.88 b)£194.88]

Q6) Joseph invests £1000 in bonds for 14 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)£5261.35 b)£6261.35]

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

Q7) Alex places £876 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)£420.48 b)£1296.48]

Q7) Anna invests £2000 in bonds for 9 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)£1378.96 b)£3378.96]

Q8) The multiplication factor to increase by 50% is? [ x 1.5]

Q8) Teagan places £911 in a bank for 4 years at 2% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£72.88 b)£983.88]

Q8) Monique invests £9000 in bonds for 2 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)£180.9 b)£9180.90]

Q9) The multiplication factor to decrease by 25% is? [ x 0.75]

Q9) Hammid places £793 in a bank for 6 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£285.48 b)£1078.48]

Q9) Ariel invests £10000 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)£1698.59 b)£11698.59]

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

Q10) Alex places £779 in a bank for 3 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£140.22 b)£919.22]

Q10) Sabrina invests £6000 in bonds for 7 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)£8115.63 b)£14115.63]