Jesy invests £8000 for n n\,n years in a savings account.
To find the value, VVV, of her investment after n n\,n years she uses the formula:
V=8000×(1.025)n V = 8000 \times (1.025)^n V=8000×(1.025)nWrite down the annual rate of interest Jesy earns.
Find the total amount of interest Jesy earns in three years.
Practise AQA GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the AQA GCSE Maths (8300) specification and written in Paper 1, Paper 2 and Paper 3 style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.