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​Q9: Question – Paper 2 – June 2018

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Content:

• Percentage Change (to find interest rate/ x)
• Compound Interest​

Quizzes:

• Percentage Change
• ​Compound Interest

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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:

​ What is the value of Jean’s investment at the end of 2 years?

[4 marks]​

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