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Compound Interest and Depreciation

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Question 1
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Ben invests £4200 £4200\,£4200 for 3 years in a savings account. He gets 2.5% per annum compound interest.

Work out the total amount in the account after 3 years.

[2]

Compound Interest and Depreciation Questions

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

Practise Edexcel GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the Edexcel GCSE Maths (1MA1) 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.

Question bank

Compound Interest and Depreciation
Indices
Prime Factors, HCF and LCM
Real Life and Distance Time Graphs
Inequalities
Forming and Solving Equations
Sequences (Nth Term)
Expanding and Factorising
Pythagoras
Angles in Parallel Lines
Angles in Polygons
Surface Area
Volume of a Prism
Cylinders
Loci and Construction
Bearings
Plans and Elevations
Averages from Frequency Tables
Probability
Scatter Graphs