Simple and compound interest with challenge

Front

Ms Goddard won £3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much total will she earn in 10 years?

Back

£4005.09

Front

Mrs Woodhams borrowed £2000 from a bank. The bank charges a simple interest of 7% per annum. Calculate the interest that she has to pay at the end of 3 years.

Back

£420

Front

Write 23% as a decrease multiplier.

Back

0.77

Front

How do you write 5% as an increase multiplier?

Back

1.05

Front

What is 5.6% written as a decimal?

Back

0.056

Front

Depreciation

Back

When something is losing value

Front

Ms Meason leaves £1600 in the bank for four years. It earns compound interest of 4% each year. Calculate the total amount Ms M has in the bank at the end of the four years, giving your answer to the nearest penny.

Back

£1871.77

Front

Mrs Woodhams' car was bought for £18000. Its value depreciated by 15% each year for the first three years. What was its value at the end of the three years?

Back

£11054.25

Front

Ms Meason bought a piano for £2200. In each year the value of the piano increases by 11% of its value at the start of that year. What is the value of the piano after one year?

Back

£2442

Front

Ms Goddard invests £600 for 2 years at 10% per year compound interest. How much interest does she earn after the two years?

Back

£126