Repeated Percentage Change

54%

Liam invests £8000 for 3 years in a savings account. He gets 3% per annum compound interest in the first year, then $x\%\,$ for 2 years.

Liam has £8488.85 at the end of 3 years, work out the value of $x$ .

[4]

54%

Liam invests £8000 for 3 years in a savings account. He gets 3% per annum compound interest in the first year, then $x\%\,$ for 2 years.

Liam has £8488.85 at the end of 3 years, work out the value of $x$ .

[4]

Repeated Percentage Change Questions