Resource thumbnail
Published: 28/04/2020
KS5
4 pages

Percentage and AER calculations

A Core maths worksheet to practise simple and compound interest calculations, calculated annually, monthly or quarterly, and to test understanding of what annual equivalent interest rate measures.

Sample:

£5000 is invested in 4 different accounts paying 3.8% per annum (p.a.) interest.

1) 3.8% p.a. simple interest

  1. Calculate the interest earned after 1 year.
  2. Calculate the total amount in the account after 1 year.
  3. Calculate the total amount in the account after 7 years.
  4. Calculate the total interest earned after 7 years.
  5. How long would it take for the investment to double in value?

5) Calculate the AER for 3.8% p.a. compound interest paid quarterly.

     

See other resources: Number | AQA | Percentages – compound percentages


More resources by this contributor


1 teacher loves this resource (1)
Facebook
Twitter
Pinterest
Email

Log in to love this resource

Log in to share this resource



We use cookies to deliver functionality and provide you with a better service. By continuing to browse our site you are agreeing to our use of cookies. Find out more.

Don't show this message again.