1) Tanya puts £750 into his savings account. The account earns 5% simple interest per annum. How much will she have after 4 years in her savings? a) £90 b) £300 c) £900 d) £1000 2) Connor invests £1500 of his money for 2 years at a simple interest rate of 10%. How much money will he get back in interest? a) £30 b) £300 c) £315 d) £165 3) Sarah borrows £500 for 2 years at a rate of 15% to buy a laptop. Calculate the simple interest she will pay on this loan. a) £150 b) £650 c) £1150 d) £15 4) Ahmed takes out a personal loan of £1200 with a simple interest rate of 20% for 3 years. How much is the total cost of the loan after 3 years? a) £1760 b) £1920 c) £1376 d) £1500 5) Gameel takes out a loan to buy a car. He take out £5000 for 5 years with a simple interest rate of 10% How much interest will he pay? a) £10,000 b) £400 c) £5000 d) £4000

Simple Interest L1/L2 Functional skills

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