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Compound Interest and Depreciation

Compound Interest and Depreciation

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Question 3
58%

Fearne invests £5600 in a savings account. She gets 2% per annum compound interest.

After n n\,n years, Fearne has £6061.62 in her account.

Work out the value of nnn.

[2]
Markscheme

Compound Interest and Depreciation Questions

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

11 exam-style questions on CIE IGCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.

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