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Compound Interest and Depreciation

MediumHard
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Question 3
45%

Sarah puts £1200 into a fixed-rate bond for 3 years. The bond pays 4% per annum compound interest.

Work out the total value of Sarah's investment at the end of the 3 years.

[2]

Compound Interest and Depreciation Questions

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