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Q15: Question – Paper 2 – November 2017
Q15: Question – Paper 2 – November 2017
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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.
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]