4024/12 May/Jun 2022, Question 6: Simple Interest
Cambridge O Level Mathematics 4024 · Paper 12 (Non-calculator) · Non-calculator · 2 marks
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The question, in short
Kabir invests $250 at 1.5% simple interest per year. Calculate the total interest received after 4 years.
Summarised in our own words. Use the official paper for the exact wording and any diagrams.
Solution · 2 marks
- 1Interest per year = 250 × 1.5/100 = $3.75
- 2Interest for 4 years = 3.75 × 4
- 3= $15
Answer15
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