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Q2: Question – Paper 3 – June 2019
Q2: Question – Paper 3 – June 2019
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Question
2)
Katy invests £200 000 in a savings account for 4 years.
The account pays compound interest at a rate of 1.5 % per annum.
Calculate the total amount of interest Katy will get at the end of 4 years.
Katy invests £200 000 in a savings account for 4 years.
The account pays compound interest at a rate of 1.5 % per annum.
Calculate the total amount of interest Katy will get at the end of 4 years.
[3 marks]