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4024/12 May/Jun 2026, Question 6: Simple interest

Cambridge O Level Mathematics 4024 · Paper 12 (Non-calculator) · Non-calculator · 3 marks

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The question, in short

$2000 is invested at 3.5% simple interest per year. Find the total value after 4 years.

Summarised in our own words. Use the official paper for the exact wording and any diagrams.

Solution · 3 marks

  1. 1Interest per year = 2000 × 3.5/100 = $70
  2. 2Interest for 4 years = 70 × 4 = $280
  3. 3Value = 2000 + 280 = $2280

Answer2280

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