Repeated Percentage Change

1. A jacket costing £30 increased in price by 10% and then by a further 15%. How much did it cost after the
increases?

2. A jumper costing £30 increased in price by 35% and then by a further 22%. How much did it cost after the
increases?

3. A pair of shoes cost £45. In a sale they decreased in price by 4% and then by a further 18%.

How much did they cost after the decreases?

4. Dave invested £400 in a bank account that paid compound interest of 8% per year.

How much did he have in his account two years later?

5. Marie invested £3000 in a bank account that paid compound interest of 7% per year.

How much did she have in her account four years later?

6. There were 8000 bees in a nest. Each year the number of bees decreased by 25%.

How many bees were left after 3 years?

7. On July 1st 2014, James invested £2000 at 4.5% per annum compound interest.

Work out the value of James’ investment on July 1st 2016 (two years later)

8. John invested £2000 for three years in an Internet Savings Account.

He is paid 5% per annum compound interest.

Work out the total interest earned after three years. [Hint: Total interest this time not total in the
account]

9. Mary bought a car for £12 000. Each year the value of the car depreciated by 8%.

Work out the value of the car two years after she bought it.

10. A clothes shop had a closing down sale. The sale started on Tuesday and finished on Saturday.

For each day of the sale, prices were reduced by 15% of the prices on the day before.

A shirt had a price of £19.95 on Monday. Robin bought it on Wednesday. How much did he pay?

11. Hamish invests £4500 at a compound interest rate of 5% per annum.

At the end of n complete years the investment has grown to £5469.78. Find the value of n.

12. In a sale, a supermarket took 20% off its normal prices.

On Fun Friday, it took 30% off its sale prices.

Frank says, “That means there was 50% off the normal prices”.

Frank is wrong. Explain why.

Super Tough Extension Questions – Only for the very brave!

13. Barry buys a new washing machine.

The value of the washing machine depreciates by 20% each year.

(a) Barry says ‘after 5 years the washing machine will have no value’.
Barry is wrong. Explain why.

Barry wants to work out the value of the machine after 2 years.

(b) By what single decimal number should Barry multiply the value of the machine when new?

14. A company bought a lorry that had a value of £12 000

Each year the value of the lorry depreciates by 25%.

(a) Work out the value of the lorry at the end of three years.

The company bought a new van.

Each year the value of the van depreciates by 20%.
The value of the new van can be multiplied by a single number to find its value at the end of four years.

(b) Find this single number as a decimal.

15. Maryam bought a new car.

Each year, the value of her car depreciated by 9%.

Calculate the number of years after which the value of her car was 47% of its value when new.

16. The value of a car depreciates by 35% each year.

At the end of 2017 the value of the car was £5460

Work out the value of the car at the end of 2016