**Helpful Links**

**Question**

9)

Jean invests £12 000 in an account paying compound interest for 2 years.

In the first year the rate of interest is

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]**