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​Q15: Question – Paper 6 – June 2018

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Content:

• Compound Interest – Part 1
• Compound Interest – Part 2​

Quizzes:

• ​Compound Interest

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Question

15) Ratna invests £1200 for 2 years in a bank account paying r % per year compound interest.
At the end of 2 years, the amount in the bank account is £1379.02.

Calculate r.

[4 marks]

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