2025 IGCSE 0580 May/June P43 Q14

2025 IGCSE 0580 May/June P43 Q14

3 marks

Jess invests \(\$1400\) in an account.

The account pays compound interest at a rate of \(r\%\) per year.

At the end of 4 years the value of her investment is \(\$1523.15\).

Find the value of \(r\).[3]

Solution:

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Answer:\(r=2.13\)

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