2025 IGCSE 0580 February/March P42 Q11

2025 IGCSE 0580 February/March P42 Q11

5 marks
  1. Midhil invests \(\$1500\) at a rate of \(4.2\%\) per year compound interest.
    Calculate the value of the investment at the end of \(5\) years.[2]
  2. Hitanshi invests some money at a rate of \(x\%\) per year compound interest.
    At the end of \(11\) years the value of the investment has doubled.
    Calculate the value of \(x\).[3]

Solution:

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Answer:(a) \(\$1842.59\). (b) \(x=6.50\).

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