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Repeated Percentage Change

The document provides 16 word problems involving calculating repeated percentage changes, compound interest, and depreciation. The problems require calculating amounts or values after successive increases, decreases, interest payments, or years of depreciation based on given starting values and annual percentage rates.

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36 views2 pages

Repeated Percentage Change

The document provides 16 word problems involving calculating repeated percentage changes, compound interest, and depreciation. The problems require calculating amounts or values after successive increases, decreases, interest payments, or years of depreciation based on given starting values and annual percentage rates.

Uploaded by

abdulla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Repeated Percentage Change

1. A jacket costing £30 increased in price by 10% and then by a further 15%. How much did it cost after the
increases?

2. A jumper costing £30 increased in price by 35% and then by a further 22%. How much did it cost after the
increases?

3. A pair of shoes cost £45. In a sale they decreased in price by 4% and then by a further 18%.

How much did they cost after the decreases?

4. Dave invested £400 in a bank account that paid compound interest of 8% per year.

How much did he have in his account two years later?

5. Marie invested £3000 in a bank account that paid compound interest of 7% per year.

How much did she have in her account four years later?

6. There were 8000 bees in a nest. Each year the number of bees decreased by 25%.

How many bees were left after 3 years?

7. On July 1st 2014, James invested £2000 at 4.5% per annum compound interest.

Work out the value of James’ investment on July 1st 2016 (two years later)

8. John invested £2000 for three years in an Internet Savings Account.


He is paid 5% per annum compound interest.

Work out the total interest earned after three years. [Hint: Total interest this time not total in the
account]

9. Mary bought a car for £12 000. Each year the value of the car depreciated by 8%.

Work out the value of the car two years after she bought it.

10. A clothes shop had a closing down sale. The sale started on Tuesday and finished on Saturday.

For each day of the sale, prices were reduced by 15% of the prices on the day before.

A shirt had a price of £19.95 on Monday. Robin bought it on Wednesday. How much did he pay?

11. Hamish invests £4500 at a compound interest rate of 5% per annum.

At the end of n complete years the investment has grown to £5469.78. Find the value of n.

12. In a sale, a supermarket took 20% off its normal prices.


On Fun Friday, it took 30% off its sale prices.

Frank says, “That means there was 50% off the normal prices”.

Frank is wrong. Explain why.


Super Tough Extension Questions – Only for the very brave!

13. Barry buys a new washing machine.


The value of the washing machine depreciates by 20% each year.

(a) Barry says ‘after 5 years the washing machine will have no value’.
Barry is wrong. Explain why.

Barry wants to work out the value of the machine after 2 years.

(b) By what single decimal number should Barry multiply the value of the machine when new?

14. A company bought a lorry that had a value of £12 000


Each year the value of the lorry depreciates by 25%.

(a) Work out the value of the lorry at the end of three years.

The company bought a new van.


Each year the value of the van depreciates by 20%.
The value of the new van can be multiplied by a single number to find its value at the end of four years.

(b) Find this single number as a decimal.

15. Maryam bought a new car.


Each year, the value of her car depreciated by 9%.

Calculate the number of years after which the value of her car was 47% of its value when new.

16. The value of a car depreciates by 35% each year.

At the end of 2017 the value of the car was £5460

Work out the value of the car at the end of 2016

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