Liam invests £8000 in a fixed-rate bond. He receives 3% per annum compound interest. After n n\,n years, the value of Liam’s investment is £9274.19.
Work out the value of nnn.
Practise Eduqas GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the Eduqas GCSE Maths (C300QS) specification and written in Component 1 and Component 2 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.