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Compound Interest and Depreciation

Compound Interest and Depreciation

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Question 14
(a).

Fearne invests £5600 in a savings account. She gets 2% per annum compound interest. After n n\,n years, Fearne has £6061.62 in her account.

Work out the amount Fearne has in her account after 3 years.

[1]
(b).

Hence work out the value of nnn.

[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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