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Percentages

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Question 34

Phil invests £700 \pounds 700\,£700 for 4 years in a bank account. The account pays simple interest at a rate of 3% per year.

a.

Work out the total amount of interest Phil has got at the end of 4 years.

[2]
b.

Hence work out the total amount of money Phil has in the bank account at the end of 4 years.

[1]
Markscheme

Percentages Questions

  1. GCSE
  2. /Maths
  3. /Percentages

199 exam-style questions on OCR GCSE Maths Percentages. Each one has a worked solution and a mark scheme showing where the marks go.

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