Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to increase by 20% is? [ x 1.2]

Q1) Teagan places £947 in a bank for 11 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£312.51 b)£1259.51]

Q1) Julie invests £8000 in bonds for 3 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)£242.41 b)£8242.41]

Q2) The multiplication factor to decrease by 50% is? [ x 0.5]

Q2) Hammid places £212 in a bank for 9 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£76.32 b)£288.32]

Q2) Teagan invests £9000 in bonds for 10 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)£14343.68 b)£23343.68]

Q3) The multiplication factor to increase by 15% is? [ x 1.15]

Q3) Lumaya places £334 in a bank for 10 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£200.40 b)£534.40]

Q3) Sabrina invests £6000 in bonds for 10 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)£1313.97 b)£7313.97]

Q4) The multiplication factor to increase by 40% is? [ x 1.4]

Q4) Jonathan places £508 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)£101.60 b)£609.60]

Q4) Alfie invests £7000 in bonds for 8 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)£2579.98 b)£9579.98]

Q5) The multiplication factor to decrease by 15% is? [ x 0.85]

Q5) Sam places £267 in a bank for 2 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£53.40 b)£320.40]

Q5) Alex invests £1000 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)£215.51 b)£1215.51]

Q6) The multiplication factor to decrease by 40% is? [ x 0.6]

Q6) Harley places £36 in a bank for 9 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£32.40 b)£68.40]

Q6) Kyra invests £6000 in bonds for 6 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)£5222.49 b)£11222.49]

Q7) The multiplication factor to decrease by 20% is? [ x 0.8]

Q7) Alex places £92 in a bank for 9 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£49.68 b)£141.68]

Q7) Hammid invests £6000 in bonds for 8 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)£12354.14 b)£18354.14]

Q8) The multiplication factor to increase by 45% is? [ x 1.45]

Q8) Anna places £108 in a bank for 11 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£83.16 b)£191.16]

Q8) Jennine invests £6000 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)£2075.21 b)£8075.21]

Q9) The multiplication factor to decrease by 5% is? [ x 0.95]

Q9) Joseph places £978 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)£117.36 b)£1095.36]

Q9) Monique invests £5000 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)£940.5 b)£5940.50]

Q10) The multiplication factor to increase by 50% is? [ x 1.5]

Q10) Jenson places £613 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)£551.70 b)£1164.70]

Q10) Kyra invests £3000 in bonds for 7 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)£446.06 b)£3446.06]