Mr Daniels Maths
Percentages: Interest Simple and Compound

Set 1

Set 2

Set 3

Q1) The multiplication factor to decrease by 45% is? [ x 0.55]

Q1) Nathan places £999 in a bank for 15 years at 3% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£449.55 b)£1448.55]

Q1) Steven invests £7000 in bonds for 10 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)£16761.97 b)£23761.97]

Q2) The multiplication factor to increase by 45% is? [ x 1.45]

Q2) Teagan places £721 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)£648.90 b)£1369.90]

Q2) Joseph invests £4000 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)£1536.94 b)£5536.94]

Q3) The multiplication factor to increase by 5% is? [ x 1.05]

Q3) Sam places £426 in a bank for 9 years at 5% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£191.70 b)£617.70]

Q3) Alex invests £5000 in bonds for 9 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)£975.46 b)£5975.46]

Q4) The multiplication factor to increase by 25% is? [ x 1.25]

Q4) Harley places £56 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)£43.12 b)£99.12]

Q4) Sabrina invests £2000 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)£4118.05 b)£6118.05]

Q5) The multiplication factor to increase by 50% is? [ x 1.5]

Q5) Jonathan places £844 in a bank for 3 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£177.24 b)£1021.24]

Q5) Teagan invests £8000 in bonds for 9 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)£12464.3 b)£20464.30]

Q6) The multiplication factor to decrease by 50% is? [ x 0.5]

Q6) Anna places £31 in a bank for 15 years at 7% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£32.55 b)£63.55]

Q6) Hassan invests £200 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)£177.13 b)£377.13]

Q7) The multiplication factor to decrease by 35% is? [ x 0.65]

Q7) Prabjot places £37 in a bank for 8 years at 10% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£29.60 b)£66.60]

Q7) Sam invests £5000 in bonds for 3 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)£1298.56 b)£6298.56]

Q8) The multiplication factor to decrease by 25% is? [ x 0.75]

Q8) Jonathan places £737 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)£110.55 b)£847.55]

Q8) Hassan invests £9000 in bonds for 15 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)£55241.44 b)£64241.44]

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

Q9) Jennine places £262 in a bank for 14 years at 6% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£220.08 b)£482.08]

Q9) Logun invests £300 in bonds for 4 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)£93.24 b)£393.24]

Q10) The multiplication factor to increase by 35% is? [ x 1.35]

Q10) Lumaya places £36 in a bank for 11 years at 4% simple interest. Calculate (a) the interest accrued and (b) the amount in the bank at the end of the period. [ a)£15.84 b)£51.84]

Q10) Prabjot invests £2000 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)£251.02 b)£2251.02]