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​Q15: Question – Paper 2 – November 2017

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Content:

• ​Compound Interest (introduction)
• Compound Interest (example 1 is exactly like this question)​

Quizzes:

• Compound Interest

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Question

15)
​Mirek invests £6000 at a compound interest rate of 1.5% per year.
He wants to earn more than £1000 interest.

​Work out the least time, in whole years, that this will take.

[3 marks]

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