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Q10: Question – Paper 3 – June 2019
Q10: Question – Paper 3 – June 2019
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Question
10)
Marie invests £8000 in an account for one year.
At the end of the year, interest is added to her account.
Marie pays tax on this interest at a rate of 20%
She pays £28.80 tax.
Work out the percentage interest rate for the account.
Marie invests £8000 in an account for one year.
At the end of the year, interest is added to her account.
Marie pays tax on this interest at a rate of 20%
She pays £28.80 tax.
Work out the percentage interest rate for the account.
[3 marks]