0580/12 Feb/Mar 2022, Question 17: Simple Interest
Cambridge IGCSE Mathematics 0580 · Paper 12 (Core) · Calculator · 3 marks
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The question, in short
Calculate the total value of a $700 investment after 6 years with simple interest at 2.5% per year.
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Solution · 3 marks
- 1Interest per year = 700 × 2.5/100 = 17.50
- 2Interest for 6 years = 17.50 × 6 = 105
- 3Value = 700 + 105 = $805
Answer805
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