Compound Percentage

John's bank account offers 3% interest each year.

John invests £400 for 5 years. Find the balance at the end of 5 years...

• £463.71

• £463.70

• £460

• £467.30

Mary's bank account offers 7% interest each year.

Mary invests £200 for 3 years. Find the balance at the end of 3 years...

• £245.01

• £245.00

• £242

• £254.01

The value of Bill's car goes down by 12% each year.

Bill's car is currently worth £5000. How much will it be worth in 4 years....

• £2998.48

• £2998.47

• £2898.47

• £2898.48

The value of Sue's car goes down by 17% each year.

Sue's car is currently worth £8500. How much will it be worth in 6 years....

• £2778.99

• £2787.99

• £2788.99

• £2877.99

Identify the correct sum...

Starting value = 500

Percentage change = 4%

Number of changes = 3

• 500 x 1.04³

• 500 x 1.04⁴

• 500 x 1.03³

• 500 x 1.03⁴

Identify the correct sum...

Starting value = 600

Percentage change = 8%

Number of changes = 5

• 600 x 1.08⁵

• 600 x 1.08⁸

• 600 x 1.05⁵

• 600 x 1.05⁸

Identify the correct sum...

Starting value = 700

Percentage change = 12%

Number of changes = 3

• 700 x 1.12³

• 700 x 1.12¹²

• 700 x 1.03³

• 700 x 1.03¹²