Simple Interest - final amounts/interest only!

Invest £600 at 3% simple interest for 5 years. Your final amount is:

• £690

• £960

• £90

• £60

Invest £800 at 4% simple interest for 3 years. Your final amount is:

• £896

• £98

• £898

• £866

Invest £600 at 10% simple interest for 4 years. Your final amount is:

• £840

• £84

• £600

• £1020

You put £400 in a fund. It loses 8% of its original value a year. How much do you have left after 3 years?

• £300

• £304

• £312

• £88

You put £100 in a fund. It loses 10% of its original value a year. How much do you have left after 4 years?

• £400

• £40

• £600

• £60

I put £300 into a bank, and get 5% simple interest a year for 8 years. To find my total interest I would do:

• 300 x 5 x 8

• 300 x 0.05 x 8

• 300 x 1.05 x 8

• 300 x 0.05

I put £450 into a bank, and get 11% simple interest a year for 4 years. To find my total amount I would do:

• 450 x 1.11 x 4

• 450 x 1.44

• 11 x 4

• 450 x 11 x 4

Getting 12% simple interest for 3 years is the same as getting 6% simple interest for ____ years.

• 6

• 7

• 8

• 9

Simple interest means (tick all that are true)

• The amount gained or lost stays the same each year

• You can multiply the years by the interest to find the total interest

• You find the interest for 1 year as a decimal, and multiply by that repeatedly

• The interest keeps increasing/decreasing each year.

I put £200 into a bank and get 2% simple interest a year. If I end up with £212 in the bank how many years did I keep it there?

• 4 years

• 5 years and 6 months

• 6 years

• 3 years