4024/12 May/Jun 2023, Question 5: Simple Interest
Cambridge O Level Mathematics 4024 · Paper 12 (Non-calculator) · Non-calculator · 2 marks
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The question, in short
Calculate the simple interest earned on an investment of $480 at 2% per year over 5 years.
Summarised in our own words. Use the official paper for the exact wording and any diagrams.
Solution · 2 marks
- 1Interest = 480 × 2/100 × 5
- 2= $48
Answer48
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