Jesy invests £8000 for n n\,n years in a savings account.
To find the value, VVV, of her investment after n n\,n years she uses the formula:
V=8000×(1.025)n V = 8000 \times (1.025)^n V=8000×(1.025)nWrite down the annual rate of interest Jesy earns.
Find the total amount of interest Jesy earns in three years.
Practise Oxford AQA IGCSE Maths Compound Interest and Depreciation with exam-style questions for Core and Extended tier. 11 questions, matched to the Oxford AQA IGCSE Maths (9260) specification and written in Paper 1 and Paper 2 (Core: 1C and 2C; Extension: 1E and 2E) style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.