Monthly: Problem Solving & Reasoning
Mathematics
GCSE Foundation
10 questions
~20 mins
1 views0 downloads
About This Worksheet
A worksheet focused on applying compound interest calculations on a monthly basis, including problem-solving and reasoning questions suitable for GCSE Foundation students.
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Monthly: Problem Solving & Reasoning
Subject: MathematicsGrade: GCSE Foundation
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Untitled Worksheet
Grade GCSE Foundation
A
Practice Questions
Answer all questions. Show your working in the grid spaces provided.
1.
Calculate the amount after 1 year if £1000 is invested at an annual interest rate of 6% compounded monthly.
[3 marks]2.
What is the monthly interest rate if the annual rate is 12%?
[2 marks]3.
A savings account has £2000 invested with a monthly compound interest rate of 0.5%. Calculate the total after 6 months.
[3 marks]4.
A loan of £5000 accrues interest at 1.2% per month. How much interest is added after 3 months?
[3 marks]5.
Plot the graph of y = (1 + r)^n for r = 0.01 over n = 1 to 12 on the grid.
[3 marks]6.
A person invests £1500 at a monthly interest rate of 0.75%. How long will it take for the investment to double?
[4 marks]7.
Construct a compound interest table for £1000 at 8% annual interest compounded monthly over 12 months.
[4 marks]8.
A business deposits £5000 monthly into an account with 0.6% interest per month. What is the total after 12 months?
[4 marks]9.
A student plans to save for 3 years with monthly deposits of £200 at 0.5% interest monthly. How much will they have at the end?
[4 marks]10.
Identify and correct the common mistake: A student calculates compound interest monthly using the annual rate divided by 12 but forgets to add 1 in the formula.
[2 marks]Quick Actions
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Details
- Created
- 1/1/2026
- Updated
- 1/1/2026
- Type
- worksheet