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Simple and Compound Interest - 3

This document provides an assessment on simple and compound interest calculations. It contains 10 questions calculating interest earned or final amounts for various investments over different time periods and interest rates.

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Camille
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Download as DOCX, PDF, TXT or read online on Scribd
863 views

Simple and Compound Interest - 3

This document provides an assessment on simple and compound interest calculations. It contains 10 questions calculating interest earned or final amounts for various investments over different time periods and interest rates.

Uploaded by

Camille
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Simple and Compound Interest

Name : Class : Date :

Mark : /10 %

1) Find the simple interest when £300 is invested at 5% for 3 years [1]

2) Find the simple interest when £600 is invested at 7% for 4 years [1]

3) Find the final amount when £7000 is invested at 5% simple interest for 2 years [1]

4) Find the final amount when £16000 is invested at 10% simple interest for 5 years [1]

5) Find the final amount when £17500 is invested at 7.3% simple interest (p.a.) for 4 [1]
months

6) Find the interest earned on a £800 investment at a compound interest rate of 10% per [1]
annum for 4 years.

7) Find the interest earned on a £600 investment at a compound interest rate of 5% per [1]
annum for 5 years.

8) Find the final amount when £210 is invested at 7% compound interest per annum for 3 [1]
years.

Copyright Mathster.com 2016. Licensed to Thornleigh Salesian College, Bolton


9) Find the final amount when £500 is invested at 5% compound interest per annum for 2 [1]
years.

10) Find the final amount when £25000 is invested at 1.2% compound interest per month [1]
for 3 years.

Copyright Mathster.com 2016. Licensed to Thornleigh Salesian College, Bolton


Solutions for the assessment Simple and Compound Interest

1) £45 2) £168

3) £7700 4) £24000

5) £17,925.83 6) £371.28

7) £165.77 8) £257.26

9) £551.25 10) £38,409.48

Copyright Mathster.com 2016. Licensed to Thornleigh Salesian College, Bolton

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