Simple Interest

Maths

Percentage increase and decrease

£7000 is invested at 6% simple interest. How much interest will be earned in 4 years?

£2000 is invested at 3.5% simple interest. How much will the investment be worth after 5 years?

Q3) A Fitness instructor wants to earn £500 in interest over the next two years. If they can invest their money at 7% per annum, how much do they need to invest to earn the £500?

A shop has a sale with 10% discount on all items. If a coat costs £45 in the sale. What was its original price?

Tim is a car salesman.   He bought a car for £5000.   Currently he is holding a sale with 35% off the price of all cars. Tim wants to sell the car so that he makes a 10% profit on the price he paid. How much should Tim advertise the car for?

This lesson will be removed by end of Summer Term 2025.

Simple Interest

Lesson outcome

This lesson will be removed by end of Summer Term 2025.