1. £2973 is invested at 11.4% compound interest. After 1 year, it's worth £4657.50.
2. £1892 is invested at 22.8% compound interest.
3. £3500 is invested at 4.5% simple interest, changing to 2.8% compound interest after 2 years.
4. £2973 is invested, earning simple interest. After 2 years, it is worth £3330.30.
5. £4215 is invested at y% compound interest. After 2 years, it's worth £4657.50.
6. Some money is invested at 3.5% compound interest. After 1 year, it's worth £4657.50.
7. Some money is invested at 2.8% compound interest, changing to 4.5% simple interest after 2 years.
8. Some money is invested at 11.4% compound interest.
Parent Tip: Review the logic above to help your child master the concept of compound interest problems worksheet.
