Wwwjustmathscouk 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. For example if you saved 1000 at 4 simple interest you would earn 40 per year every year. Download all questions Word All questions PDF Worksheets presentations worked examples more PP questions.
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Tracing paper may be used. You get interest on your interest. To calculate the amount of simple interest over 5 years you simply multiply the interest earnt in year one by five - 125 5 625. Compound interest is where we take an original value and increase it by a percentage.