4MA1/2HR Jun 2019, Question 10: Compound Interest
Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 2HR (Higher) · Calculator · 3 marks
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The question, in short
Calculate the yacht's value after depreciating 18% annually for 3 years from 150000 euros, rounded to the nearest euro.
Summarised in our own words. Use the official paper for the exact wording and any diagrams.
Solution · 3 marks
- 1An 18% decrease each year means multiply by 0.82
- 2After 3 years: 150 000 × 0.82³ = 82 705.2
- 382705 to the nearest euro
Answer82705
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