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2.8 The role of money and financial markets

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Question 22

A community theatre is comparing two offers for a one-year loan of £8,000.

OfferAnnual interest rate
A2.5%
B4.5%

How much extra interest would the theatre pay in one year with Offer B rather than with Offer A? Ignore compounding.

[1]
A

£160

B

£1,600

C

£16

D

£13.33

Markscheme

2.8 The role of money and financial markets Questions

  1. GCSE
  2. /Economics
  3. /2.8 The role of money and financial markets

82 exam-style questions on OCR GCSE Economics 2.8 The role of money and financial markets, covering 2.8.1 Money as a medium of exchange, 2.8.2 Role of the financial sector, 2.8.3 Importance of the financial sector, 2.8.4 Interest rates and saving, borrowing, investment, and 2.8.5 Effect of interest rate changes. Each one has a worked solution and a mark scheme showing where the marks go.

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