A rare painting is purchased for £15,000. Its value increases at a rate of 2.5% per annum compound interest. After n n\,n years, the painting is worth £16,153.36.
Work out the value of nnn.
Practise OCR GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the OCR GCSE Maths (J560) specification and written in the written papers 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.