4MA1/2F Jun 2023, Question 24: Compound Interest
Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 2F (Foundation) · Calculator · 3 marks
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The question, in short
Calculate the value of a painting bought for $680 after increasing by 4% each year for 3 years, rounded to the nearest dollar.
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Solution · 3 marks
- 11.04 × 680 = 707.2
- 21.04 × 707.2 = 735.488
- 31.04 × 735.488 = 764.90752
- 4764.90752 ≈ 765
Answer765
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