Compound Interest and Depreciation Concepts

What is the main difference between compound interest and simple interest?

How is compound interest calculated using a multiplier?

If a bank offers 2% compound interest per annum, what is the multiplier used for calculation?

What is the amount after three years if you invest £4,000 at 2% compound interest per annum?

What does depreciation mean in financial terms?

If a car depreciates by 15% annually, what is the multiplier used for calculation?

How much will a car worth £6,000 be valued at after three years if it depreciates by 15% annually?

In a scenario where a house appreciates by 5% in the first year and depreciates by 2% in the second year, what is the final multiplier for the second year?

What is the value of a house after two years if it was initially bought for £250,000, appreciated by 5% in the first year, and depreciated by 2% in the second year?

If a car's value decreases by 20% in the first year and 12% in the subsequent years, what is the multiplier for the second and third years?