0580/21 Oct/Nov 2024, Question 8: Simple Interest
Cambridge IGCSE Mathematics 0580 · Paper 21 (Extended) · Calculator · 2 marks
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The question, in short
Calculate the total simple interest earned on a $3000 investment at 2.6% per year after 3 years.
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Solution · 2 marks
- 1Interest per year = 3000 × 2.6/100 = 78
- 2Total = 78 × 3 = $234
Answer234
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