Compound & Simple Interest

Question 1:

Decrease £3200 by 8% over 9 years using simple interest.

£896

Question 2:

Increase £2700 by 5% over 7 years using simple interest.

£3645

Question 3:

Decrease £4100 by 40% over 9 years using compound interest.

£41.32

Question 4:

Decrease £3800 by 49% over 4 years using compound interest.

£257.08