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Compound Interest and Depreciation

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Question 30

Sarah places £3200 into a savings account that pays 4.5% compound interest per annum. After n n\,n years, the balance in the account is £3816.05.

Work out the value of nnn.

[2]

Compound Interest and Depreciation Questions

  1. GCSE
  2. /Maths
  3. /Compound Interest and Depreciation