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Q9: Answers – Paper 2 – June 2018
Q9: Answers – Paper 2 – June 2018
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Jean invests £12 000 in an account paying compound interest for 2 years.
In the first year the rate of interest is x%
At the end of the first year the value of Jean’s investment is £12 336
In the second year the rate of interest is:
Jean invests £12 000 in an account paying compound interest for 2 years.
In the first year the rate of interest is x%
At the end of the first year the value of Jean’s investment is £12 336
In the second year the rate of interest is:
What is the value of Jean’s investment at the end of 2 years?
Question
9)
Jean invests £12 000 in an account paying compound interest for 2 years.
In the first year the rate of interest is x%
At the end of the first year the value of Jean’s investment is £12 336
In the second year the rate of interest is:
Jean invests £12 000 in an account paying compound interest for 2 years.
In the first year the rate of interest is x%
At the end of the first year the value of Jean’s investment is £12 336
In the second year the rate of interest is:
What is the value of Jean’s investment at the end of 2 years?
[4 marks]