Back to OCR Percentages (F) Home
​​Percentages: Quiz 10 - Answers
Part 1
1)
a) £30
b) £90
c) £180
d) £620
 
2)
a) £1,200
b) £2,720
c) £4,400
Working
Questions
You may use a calculator for the questions in this quiz. ​

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?