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Click on the 'Calculate' button to calculate. 2-70 S C 270 S. BC a 50 0 x o O S 06 otal for uestion 5 is 4 marks 40 less than the simple interest on the same sum for 3(1/2) years at 10% per annum. Example MWBs Simple interest MWBs QQ Exercise Percentage of an amount using a calculator MWBs Exercise. Interest is the fixed amount paid on borrowed money. Simple & Compound Interest PDF. 800 Worksheet - Simple interest. She gets 3% per annum compound interest in the first year, then XO/o for 2 years. 2õOO>Q 1.0B l) k (00 6 Dana invests £5000 for 4 years in a savings account. All videos can be found at www.m4ths.com and www.astarmaths.com These videos were donated to the channel by Steve Blades of maths247 'fame'. www.justmaths.co.uk Simple & Compound Interest & Depreciation (F) - Version 3 January 2016 Simple & Compound Interest & Depreciation (F) A collection of 9-1 Maths GCSE Sample and Specimen questions from AQA, OCR, Pearson-Edexcel and WJEC Eduqas. INTEREST. To solve problems involving simple interest. ; Interest … Key vocabulary Lender Simple interest. Derrick has £10 000 he wants to invest. Here are the interest rates for two accounts. The sample answer and solution will be shown below the calculator. 600 B) Rs. In both cases, the principal is \$100.00 is and the interest rate is 7%. The rate of interest is 10% per annum. Round your answers to the nearest pound where necessary. 1. The sum lent is called the Principal. Find the sum. Learning steps: How would we? Charlie has £2705.36 at the end of 3 years, work out the value of x . Choose whether you want to calculate simple interest (I), principal (P), interest rate (r) or duration/period (t). A) Rs. When the interest rate is applied to the original principal and any accumulated interest, this is called compound interest. Example 4: The simple interest on a certain sum of money for 2(1/2) years at 12% per annum is Rs. ANY FEEDBACK IS GREATLY APPRECIATED! For each question it is assumed no money is withdrawn or deposited into the account after the original deposit. Simple Interest - Learn and practice Simple Interest with solved Aptitude Questions and Answers accompanied by easy explanation, shortcuts and tricks that help in understanding the concept clearly. ; The sum of the principal and interest is called the Amount. Work out simple interest. This is known as simple interest. Find the interest and the amount he has to the pay at the end of a year. 666 C) Rs. Read these revision notes on 'Simple interest'. This video shows you how to calculate simple and compound interest. Fill in the blue boxes with the required numbers. 780 D) Rs. Learning objective: Work out percentages of amounts To understand what simple interest is. Need some help? Simple and compound interest are compared in the tables below. Let us see some simple interest examples using the simple interest formula in maths. 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