£600 is invested at 3% simple interest per year for 4 years. Work out the total interest earned.
- Simple interest uses the original £600 each year.
- 600 0.03 4 = £72 interest.
Answer £
GCSE Maths revision · Ratio and proportion
After a percentage change you can find the original by dividing by the multiplier. If a price after a rise is , the original is .
Watch out Do not take of the new price off: of is not the rise.
£600 is invested at 3% simple interest per year for 4 years. Work out the total interest earned.
Answer £
You may use a calculator.
(a) Nadia invests £2400 for 5 years at per year simple interest. Work out the total interest she earns.
(b) A trader buys a lamp for £40 and sells it for £52. Work out the percentage profit.
You may use a calculator.
(a) In a sale, the price of a television is reduced by . The sale price is £323. Work out the price before the sale.
(b) Ravi's rent went up by . His new rent is £832 per month. What was his rent before the increase?
A price is increased by p%, where p > 0. It is then reduced by q% to return exactly to its original value. Which expression gives q in terms of p? Select one answer.
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