Compound & Simple Interest

Question 1:

Decrease £2000 by 11% over 8 years using simple interest.

£240

Question 2:

Decrease £3600 by 24% over 10 years using compound interest.

£231.44

Question 3:

Decrease £3300 by 34% over 9 years using compound interest.

£78.42

Question 4:

Decrease £2900 by 30% over 3 years using compound interest.

£994.7