0580/12 Oct/Nov 2023, Question 16: Simple Interest
Cambridge IGCSE Mathematics 0580 · Paper 12 (Core) · Calculator · 3 marks
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The question, in short
Calculate the value of a $4000 investment after 3 years at 2.5% per year simple interest.
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Solution · 3 marks
- 1Interest = 4000 × 2.5 × 3 ÷ 100 = 300
- 2Value = 4000 + 300 = $4300
Answer4300
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