4024/11 May/Jun 2024, Question 8: Simple Interest
Cambridge O Level Mathematics 4024 · Paper 11 (Non-calculator) · Non-calculator · 2 marks
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The question, in short
Ahmed invests $4000 at 1.5% per year simple interest. Calculate the investment's value after 2 years.
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Solution · 2 marks
- 1Interest = 4000 × 1.5/100 × 2 = 120
- 2Value = 4000 + 120 = $4120
Answer4120
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