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Compound Interest and Depreciation

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Question 5

63%

Liam invests £8000 in a fixed-rate bond. He receives 3% per annum compound interest. After $n\,$ years, the value of Liam’s investment is £9274.19.

Work out the value of $n$ .

[2]

Markscheme

Compound Interest and Depreciation Questions

GCSE
Maths
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.

Compound Interest and Depreciation

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Compound Interest and Depreciation

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Question 5

63%

Liam invests £8000 in a fixed-rate bond. He receives 3% per annum compound interest. After $n\,$ years, the value of Liam’s investment is £9274.19.

Work out the value of $n$ .

[2]

Markscheme

Compound Interest and Depreciation Questions

GCSE
Maths
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.