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Q10: Question – Paper 3 – June 2017
Q10: Question – Paper 3 – June 2017
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Question
10)
Naoby invests £6000 for 5 years.
The investment gets compound interest of x% per annum.
At the end of 5 years the investment is worth £8029.35
Work out the value of x.
Naoby invests £6000 for 5 years.
The investment gets compound interest of x% per annum.
At the end of 5 years the investment is worth £8029.35
Work out the value of x.
[3 marks]