0580/11 Oct/Nov 2021, Question 10: Simple Interest
Cambridge IGCSE Mathematics 0580 · Paper 11 (Core) · Calculator · 3 marks
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The question, in short
Calculate the total value of $2460 invested at 3.5% per year simple interest after 4 years.
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Solution · 3 marks
- 1Interest = 2460 × 3.5 × 4 ÷ 100 = 344.40
- 2Total = 2460 + 344.40 = $2804.40
Answer2804.40
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