4MA1/1H Jun 2019, Question 8: Compound Interest
Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 1H (Higher) · Calculator · 3 marks
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The question, in short
Find the boat's value on 1st January 2019 after buying it for $170000 on 1st January 2016, with 8% yearly depreciation, rounded to the nearest dollar.
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Solution · 3 marks
- 10.92 × 170000 = 156400
- 20.92 × 156400 = 143888
- 30.92 × 143888 = 132376.96
- 4132376.96 ≈ 132377
Answer132377
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