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Compound Interest and Depreciation

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Question 3
62%

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.

[2]

Compound Interest and Depreciation Questions

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