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Repeated Percentage Change

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Question 27

George invests £10000 for 3 years in a savings account. The account pays 1.2% per annum compound interest in the first year and x% x\%\,x% per annum for the remaining 2 years.

At the end of the 3 years, George has £10903.69. Work out the value of xxx.

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Repeated Percentage Change Questions

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  3. /Repeated Percentage Change