2026 PCSS P1 Q4

2026 PCSS P1 Q4

Secondary 4
2 marks

Jayden deposited some money in a bank that pays a compound interest of 2.2% per annum, compounded half yearly.

After 3 years, Jayden withdrew a total of $40 000.

Calculate the amount of money deposited by Jayden, correct to the nearest dollar.[2]

Solution:

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Answer:$37 459

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