0580/32 May/Jun 2025, Question 17: Compound Interest
Cambridge IGCSE Mathematics 0580 · Paper 32 (Core) · Calculator · 3 marks
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The question, in short
Calculate the total compound interest earned when $6000 is invested for 5 years at 9% per year.
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Solution · 3 marks
- 1Total = 6000 × (1 + 9/100)⁵ = 6000 × 1.09⁵
- 2= 9231.74…
- 3Interest = 9231.74… − 6000 = 3231.7… ≈ 3232
Answer3230 or 3231 or 3232 or 3231.7…
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