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​​Percentages: Quiz 10
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1) I place £500 into a bank account that pays 6% simple interest per year.
a) How much interest would I get after one year?
b) How much interest would I have after 3 years?
c) How much interest would I have after 6 years?
d) How much money would I have in my bank account after 4 years?
 
2) I borrow £2,000 from a bank to buy a car. I pay a simple interest of 12% per year. I never pay any of the loan off.
a) How much interest would I have to pay after 5 years?
b) How much would my debt be after 3 years?
c) How much would my debt be after 10 years?