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Compound Interest and Depreciation

Compound Interest and Depreciation

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Question 27
(a).

Jade bought a house for £350 000.

In the first year the house price increased by 3% In the second year the house price increased by 2%

Work out the value of the house at the end of 2 years.

[2]
(b).

In the third year the house price depreciated by 5%

Hence work out the value of the house at the end of 3 years.

[2]
Markscheme

Compound Interest and Depreciation Questions

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

163 exam-style questions on Eduqas GCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.

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