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Q15: Question – Paper 6 – June 2018
Q15: Question – Paper 6 – June 2018
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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.
At the end of 2 years, the amount in the bank account is £1379.02.
Calculate r.
[4 marks]