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Q13: Question – Paper 2 – November 2017
Q13: Question – Paper 2 – November 2017
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Question
13)
At the beginning of 2009, Mr Veale bought a company.
The value of the company was £50 000.
Each year the value of the company increased by 2%.
a) Calculate the value of the company at the beginning of 2017.
Give your answer correct to the nearest £100.
At the beginning of 2009, Mr Veale bought a company.
The value of the company was £50 000.
Each year the value of the company increased by 2%.
a) Calculate the value of the company at the beginning of 2017.
Give your answer correct to the nearest £100.
[2 marks]
At the beginning of 2009 the value of a different company was £250 000
In 6 years the value of this company increased to £325 000
This is equivalent to an increase of x% each year.
b) Find the value of x.
Give your answer correct to 2 significant figures.
[3 marks]