Practice questions covering a range of problems mainly involving compound growth. Do you expect them to also study degree level maths at this point in case there’s a GCSE question that might be “nicer” if done using a degree level theorem? How much interest will he earn in 6 years? Calculate the value of his investment, correct to the nearest penny, at the end of the 3 years. The free printable worksheets in this lesson will improve your homeschool math lessons and help your students become better at calculations. Rep:? 2) Dan has £4000 in his savings account. He can choose between 2 different banks. www.justmaths.co.uk ©JustMaths 2013 Q1. Compound interest is the interest paid on the amount accrued due to the previous interest payments. How would you fare if you had to sit your maths GCSE all over again? Exam Style Questions - A collection of problems in the style of GCSE or IB/A-level exam paper questions (worked solutions are available for Transum subscribers). If you still don't understand this maths topic and need more help, make sure to send me a message. Interest: Extra money paid for using other's money is called interest . … Bank A: Earns 3% per annum compound interest. Once you feel you are ready, take the quiz. Principal amount refers to how much money is involved to start with. Includes a set of three worksheets with answers for simple interest and compound interest. 8.58 million resource downloads. Coin Toss. Try the given examples, or type in your own problem and check your answer with the step-by-step explanations. GCSE Unit 1 Compound and Simple Interest Try the free Mathway calculator and problem solver below to practice various math topics. Fun maths practice! How much was the … Area of Triangles . Each year's interest is paid by cheque. Scheme B Compound interest = 100 + 3.9% = 1.039 as a multiplier So, 2500 x 1.039 squared = £2698.80 Therefore scheme A gives the most total interest. Improve your skills with free problems in 'Simple interest' and thousands of other practice lessons. 15) Remi invests £600 for 5 years in a savings account. Question. More on this topic including lesson Starters, visual aids, investigations and self-marking exercises. GCSE Statistics (8382) A-level Maths and Further Maths; Level 3 Mathematical Studies (Core Maths) Key Stage 3; Entry Level Certificate (5930) How to register; Legacy qualifications; AQA Maths hub events; About us; Simple and compound interest. FREE Maths revision notes on the topic: COMPOUND INTEREST by expert teachers for the Edexcel GCSE (9-1) Maths exam. FACTS AND FORMULAE FOR SIMPLE INTEREST QUESTIONS . GCSE Maths. Tracing paper may be used. Thank you :D xx Here's the Q: Henry wants to invest £4000 for 2 years. This account pays 2% interest per year. Grade 3 questions ©MathsWatch Clip 111 Simple Interest Page 111 1) Meg has £1200 in her savings account. Home. Schoolexams.co.uk has shared three fiendishly tough questions from a sample paper, including probability fractions. Derrick has £10 000 he wants to invest. 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. They are designed to make it easy for students to take the first steps in each topic, then strengthen and extend their knowledge and skills. Let us begin with the definitions! Try to answer all these maths questions for your maths revision and prepare yourself properly for your IGCSE / GCSE maths exams. Work out the annual rate of simple interest. tutor2u. GCSE Maths Membership Back to Edexcel Maths Foundation November 2018 Paper 2 Home Q15: Question – Paper 2 – November 2018 Helpful Links. 1. Subjects Courses Job board Shop Company Support Main menu. ” Most Important Simple & Compound Interest Question PDF with Answers “ Simple & Compound Interest Plays a vital role in Advance Maths & Quantitative Aptitude Section. Maths revision video and notes on the topic of Compound Interest and Depreciation. This is a simple question that can be done by pressing buttons on a calculator a few times. Where possible, answers are also provided. Total Marks: 1. come with answers. 0. reply. JustMaths GCSE Questions keyboard_arrow_up. UNITED KINGDOM. Practise calculating simple interest and compound interest on investments and loans. 5-a-day GCSE 9-1; 5-a-day Primary; 5-a-day Further Maths; 5-a-day GCSE A*-G; 5-a-day Core 1; More. Principal: The money borrowed or lent out for a certain period is called the principal or the sum. Hi I'm stuck on this maths question from this past paper I'm doing for revision, can anyone be an angel and help me? DrFrostMaths provides an online learning platform, teaching resources, videos and a bank of exam questions, all for free. In the following section, we will define the important terms and formulae that will help us solve and understand the questions on the simple interest. MEANWHILE: It might be easier for you to … The lovely Mel from JustMaths has put together themed collections of questions taken from the awarding bodies’ sample assessment materials and practise papers. 7864 schools logged on since Sept 2018. 1. Interest refers to how much money you gain or pay based on a principal amount of money. The account pays 5% simple interest per year. 3. (a) During an experiment, a scientist notices that the number of bacteria halves every second. Content: Simple Interest; Expressing one Number as a Percentage of Another Quizzes: Simple Interest; Expressing One Number as a Percentage of Another; Question. Exciting News: I'm delighted to have received the Covid Hero Award in the Global Teacher Prize 2020. And best of all they all (well, most!) Whether you want a homework, some cover work, or a lovely bit of extra practise, this is the place for you. arrow_back Back to Repeated Percentages (including simple and compound interest) Repeated Percentages (including simple and compound interest): Worksheets with Answers. A series of videos looking at the Edexcel practice papers for the new exam specification. Cart . Below you will find a maths activity filled with questions about hot to calculate simple and compound interest. Membership. It relates the idea of simple interest to bonds which pay a fixed income and compound interest to savings account. Suggested Videos. So 2500 + 200 = £2700 (this is the total answer for scheme A) - SIMPLE INTEREST calculation method. (a) During an experiment, a scientist notices that the number of bacteria halves every second. We also need to remember how we find some of our basic percentage amounts. Instructions Use black ink or ball-point pen. The example questions and maths activities will help you to understand how to calculate simple interest and I will explain to you step by step how to calculate simple interest. Hope you found this helpful. Do the questions, use the videos if needed and mark your work. Model answers & video solution for Compound Interest. Simple interest stays the same, the amount going up or down by the same amount each time. Compound interest is the interest paid on the amount accrued due to the previous interest payments. This means that most of the links on this page are not yet active. INFO@ELEVISE.CO.UK. Bank B: Earns 3.2% per annum simple interest. (4 Marks) Q2. KS2 SATS QUESTIONS; GCSE REVISION SHEETS; GCSE QUESTIONS BY TOPIC; PAST PAPER SOLUTIONS; PERCENTAGES. Highly rated by teachers and students, these free maths resources have carefully thought out questions and detailed solutions. www.justmaths.co.uk Simple, Compound Interest, Depreciation, Growth & Decay (H) - Version 2 January 2016 Simple, Compound Interest, Depreciation, Growth & Decay (H) A collection of 9-1 Maths GCSE Sample and Specimen questions from AQA, OCR, Pearson-Edexcel and WJEC Eduqas. Back to Top . Make sure you read each question properly and evaluate at the end whether you have answered the question correctly. A lesson on simple and compound interest which assumes an understanding of multipliers and of having touched on the concepts before. Edexcel GCSE Mathematics (Linear) – 1MA0 COMPOUND INTEREST AND DEPRECIATION Materials required for examination Items included with question papers Ruler graduated in centimetres and Nil millimetres, protractor, compasses, pen, HB pencil, eraser. PLEASE NOTE: This navigation system is still under development. I will be working hard over the next couple of weeks to upload relevant resources and activate these links. Tb101 Badges: 4. Previous Percentages of Amounts Textbook Exercise. GCSE maths revision resources have been sorted by topic and include the new GCSE specification. Further Maths; Practice Papers ; Conundrums; Class Quizzes; Blog; About; Revision Cards; Books; September 27, 2019 corbettmaths. Account Log in Sign up. We will define the concept of Simple interest and use these formulae and definitions to solve questions that we expect will come from this section. Choose items from the menu that you feel you need to work on. How much interest will she earn in 4 years? www.justmaths.co.uk Simple, Compound Interest, Depreciation, Growth & Decay (H) - Version 2 January 2016 Simple, Compound Interest, Depreciation, Growth & Decay (H) A collection of 9-1 Maths GCSE Sample and Specimen questions from AQA, OCR, Pearson-Edexcel and WJEC Eduqas. In every exam you will get at least 3-4 questions from this topic. There are three questions at the beginning specifying 'simple' interest to remind students that there is a difference between simple growth and compound growth, but the bulk of the worksheet asks students to practice compounding interest over a specified number of time periods, and to apply reasoning to … 4 marks. Here are the interest rates for two accounts. Past paper exam questions organised by topic and difficulty for Edexcel GCSE Maths. Irfon invests £4000 for 3 years at 3% per annum compound interest. 3) Chris borrows £6000 at a simple interest rate of 10% per year. 1. These should give you a clearer idea of how content may be presented and the increased level of challenge. 2. 15) Remi invests £600 for 5 years in a savings account. The resources include revision questions for KS2 SATs and GCSE. This Simple & Compound Interest Pdf we are Providing is free to download. Tess invested £5000 at 4% compound interest for five years. Calculating simple interest is an essential skill for anyone who maintains a bank account, carries a credit card balance, or applies for a loan. Textbook Exercise; Post navigation. Simple Interest (S.I.) Exam questions / Exponential growth and decay / OCR check-in test / AQA topic test / AQA Bridging Unit growth and decay / Exponential functions / Compound interest / Growth and Decay / Exponential growth and decay / Compound percentages activities These resources (including sources) are listed in … You are ready, take the quiz Starters, visual aids, investigations and self-marking exercises awarding bodies ’ assessment. Your IGCSE / GCSE maths exams topic: compound interest by expert for! Together themed collections of questions taken from the awarding bodies ’ sample assessment materials and practise papers at %. Need to remember how we find some of our basic percentage amounts for Edexcel GCSE maths principal: the borrowed! 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