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It includes scenarios for opening savings accounts, investing funds with specified rates and time periods, handling partial withdrawals, and computing totals owed on loans with annual compound interest. A mark scheme provides expected working processes, calculation guidance using compound interest multipliers, and example acceptable final figures for each question, along with total marks.",{"@graph":69,"@context":118},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/compound-interest-sample-assessments/620481/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/compound-interest-sample-assessments/620481.png","ImageObject",300,407,{"name":92,"@type":93},"Theodore","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-05","2026-10-20",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114],{"name":109,"@type":110,"acceptedAnswer":111},"How do you find the amount owed for a loan with compound interest?","Question",{"text":112,"@type":113},"Compute the total loan amount after the compounding period using the compound interest factor applied over the years, and use the resulting total (examples are shown in the evidence).","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What does the mark scheme include for each question?",{"text":117,"@type":113},"For each question it lists the process steps that gain marks, allowable methods, and example evidence showing intermediate calculation factors and final figures, plus the total marks available.","https://schema.org",{"og:url":83,"og:type":120,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":122,"canonical":83},"index,follow",{"doc_id":124,"site_id":62},620481,1792547110,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":92,"user_avatar":129,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":135,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":67,"update_tm":139,"read_time":140,"preview_page_count":4},7971461740886,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Compound Interest  \nQuestion 1 (Calculator Level 2)  \nJoe sees this offer in his bank.  \nOpen a new savings account today!  \n• Invest for 3 years  \n• Receive 2% compound interest  \n• Maximum investment £1000  \nJoe invests the maximum amount of money.  \nHow much money will his investment be worth after 3 years?  \n£  \nQuestion 2 (Calculator Level 2)  \nMina invests £125 000 for 2 years.  \nThe investment account earns 1.5% compound interest per annum. After 2 years she withdraws £25 000.  \nHow much money is left in her investment account?  \n£  \nQuestion 3 (Calculator Level 2)  \nBill takes out a loan with an annual interest rate of 12.6% He borrows £1500 for 3 years.  \nWork out how much money Bill will owe at the end of 3 years.  \n£  \nQuestion 4 (Calculator Level 2)  \nRyan takes out a 2 year loan of £16 000  \nHe will pay 2.8% compound interest per annum.  \nRyan wants to work out how much interest he will pay on the loan.  \nHow much interest will Ryan pay?  \n£  \nMark Scheme  \n\n| Question | Process | Mark | Mark\u003Cbr>Ref | Evidence |\n| --- | --- | --- | --- | --- |\n| Q1 | Begins to work with compound interest\u003Cbr>Full process to find total amount\u003Cbr>Accurate figure | 1 or\u003Cbr>2 or\u003Cbr>3 | A\u003Cbr>AB\u003Cbr>ABC | (100 + 2) ÷ 100 (=1.02) OR (1000 ÷ 100) x 2 (=20) and 1000 + 20 (=1020)\u003Cbr>e.g. 1000 x (1.02)³ (=1061.208) Allow build up method\u003Cbr>1061.20(8) or 1061.21 |\n| Total marks for question |  | 3 |  |  |\n\n\n| Question | Process | Mark | Mark\u003Cbr>Ref | Evidence |\n| --- | --- | --- | --- | --- |\n| Q2 | Begins to work with compound interest\u003Cbr>Full process to find total investment value\u003Cbr>Process to find difference\u003Cbr>Accurate figure | 1 or\u003Cbr>2\u003Cbr>1 or\u003Cbr>2 | A\u003Cbr>AB\u003Cbr>C\u003Cbr>CD | (100 + 1.5) ÷ 100 (=1.015) OR 125000 ÷ 100 x 1.5 (=1875)\u003Cbr>e.g. 125000 x (1.015)²(=128778.125) oe\u003Cbr>‘128778 . 125’ – 25000 (=103778.125)\u003Cbr>£103778.12(5) or £103778.13 or Allow £103778 |\n| Total marks for question |  | 4 |  |  |\n\n\n| Question | Process | Mark | Mark\u003Cbr>Ref | Evidence |\n| --- | --- | --- | --- | --- |\n| Q3 | Begins to work with compound interest\u003Cbr>Full process to find total amount\u003Cbr>Accurate figure | 1 or\u003Cbr>2 or\u003Cbr>3 | A\u003Cbr>AB\u003Cbr>ABC | e.g. (100 + 12.6) ÷ 100 (=1.126)\u003Cbr>e.g. 1500 x (1.126)³ (=2141.44..)\u003Cbr>£2141.44(2..) |\n| Total marks for question |  | 3 |  |  |\n\n\n| Question | Process | Mark | Mark\u003Cbr>Ref | Evidence |\n| --- | --- | --- | --- | --- |\n| Q4 | Begins to work with compound interest\u003Cbr>Full process to find total amount\u003Cbr>Process to find interest owed\u003Cbr>Accurate figure | 1 or\u003Cbr>2 or\u003Cbr>3 or\u003Cbr>4 | A\u003Cbr>AB\u003Cbr>ABC\u003Cbr>ABCD | e.g. (100 + 2.8) ÷ 100 (=1.028)\u003Cbr>e.g. 16000 x (1.028)²(=16908.544)\u003Cbr>‘16908.544’ – 16000 (=908.544)\u003Cbr>908.54 |\n| Total marks for question |  | 4 |  |  |","cbCaidYTVuTeCCf4","https://ap.wps.com/l/cbCaidYTVuTeCCf4","pdf",148185,"English","# Question 1\n## Mark scheme for Q1\n# Question 2\n## Mark scheme for Q2\n# Question 3\n## Mark scheme for Q3\n# Question 4\n## Mark scheme for Q4","[{\"question\":\"How do you find the amount owed for a loan with compound interest?\",\"answer\":\"Compute the total loan amount after the compounding period using the compound interest factor applied over the years, and use the resulting total (examples are shown in the evidence).\"},{\"question\":\"What does the mark scheme include for each question?\",\"answer\":\"For each question it lists the process steps that gain marks, allowable methods, and example evidence showing intermediate calculation factors and final figures, plus the total marks available.\"}]","Compound Interest - Sample Assessments | PDF",1792464155,15]