4MA1/2F Jun 2024, Question 25: Compound Interest
Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 2F (Foundation) · Calculator · 3 marks
اقرأ هذا الحل مشروحاً بالعربي ←
The question, in short
Calculate the final amount after investing 4500 koruna for 4 years at 2.4% yearly compound interest, rounded to the nearest koruna.
Summarised in our own words. Use the official paper for the exact wording and any diagrams.
Solution · 3 marks
- 14500 × 1.024 = 4608
- 24608 × 1.024 = 4718.592
- 34718.592 × 1.024 = 4831.838
- 44831.838 × 1.024 = 4947.80
- 54947.80 rounded to the nearest koruna = 4948
Answer4948
Stuck on a step? Read the free lesson: Compound Interest
Practise more compound interest questions
Real 4MA1 past-paper questions, marked on your working like the exam, with a worked solution for every part.
Practise free on LemmaraMore past-paper questions on compound interest
Also searched as: 4MA1 2F June 2024 · 4MA1/2F · 4ma1 jun24 2f · question 25.
Lemmara is an independent study tool, not affiliated with or endorsed by Pearson Edexcel. The worked solutions are Lemmara’s own.