GCSE Maths
GCSE Maths Compound Interest and Depreciation Exam Questions
Free GCSE Maths exam questions on Compound Interest and Depreciation, with full model answers. Covers compound interest, depreciation and repeated multipliers.
Compound Interest and Depreciation 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 Compound Interest and Depreciation
Compound Interest and Depreciation is a Grade 4+ GCSE Maths topic, so it mostly comes up on Foundation and Higher tier papers. These questions suit every major board: AQA, Edexcel, OCR, WJEC, Eduqas, CCEA, Cambridge IGCSE, Edexcel IGCSE and OxfordAQA IGCSE. 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
- Multiplier Increase by r% is 1 + r/100.
- Formula Amount = P x multiplier^n.
- Depreciation Use a multiplier below 1.
Common mistakes in Compound Interest and Depreciation
- Using simple interest.
- Adding interest only once.
Try two Compound Interest and Depreciation exam-style questions
1. £2000 at 3% compound interest for 4 years. Find the value. (2 marks)
Show the mark scheme answer
£2251.02
2. A £15 000 car depreciates 20% a year. Find its value after 2 years. (2 marks)
Show the mark scheme answer
£9600
Compound Interest and Depreciation FAQs
Which exam boards include Compound Interest and Depreciation?
These questions suit every major board: AQA, Edexcel, OCR, WJEC, Eduqas, CCEA, Cambridge IGCSE, Edexcel IGCSE and OxfordAQA IGCSE.
What grade is Compound Interest and Depreciation in GCSE Maths?
It is a Grade 4+ topic, so it mostly appears on Foundation and Higher tier papers.
How should I use these Compound Interest and Depreciation questions?
Answer every question without notes, then check each answer against the model answers and redo the ones you got wrong.
