GCSE Maths
GCSE Maths AER and APR Exam Questions
Free GCSE Maths exam questions on AER and APR, with full model answers. Covers annual equivalent rate and annual percentage rate.
AER and APR exam questions
1 question pack of real past exam questions with its mark scheme. Answer every question without notes, then mark your answers line by line against the mark scheme.
About GCSE Maths AER and APR
AER and APR is a Grade 6+ GCSE Maths topic, so it mostly comes up on Higher tier papers. These questions suit WJEC GCSE. Work through the pack without notes, then mark every answer against the model answers and redo any you got wrong a few days later.
What you need to know
- AER Interest as if paid once a year on savings.
- APR Yearly cost of borrowing including fees.
- Comparing Higher AER is better for savers.
Common mistakes in AER and APR
- Confusing AER and APR.
- Not compounding monthly rates.
Try two AER and APR exam-style questions
1. A monthly rate is 1%. Find the AER. (2 marks)
Show the mark scheme answer
12.68%
2. Which rate do borrowers compare? (1 mark)
Show the mark scheme answer
APR
AER and APR FAQs
Which exam boards include AER and APR?
These questions suit WJEC GCSE.
What grade is AER and APR in GCSE Maths?
It is a Grade 6+ topic, so it mostly appears on Higher tier papers.
How should I use these AER and APR questions?
Answer every question without notes, then check each answer against the model answers and redo the ones you got wrong.
