2026 TPSS P1 Q20

2026 TPSS P1 Q20

Secondary 4
3 marks

A bank pays compound interest of 1.5% per annum.

Mr Lee deposited a sum of money in the bank for 3 years. After 3 years, there was $10456.78 in his account. Find the amount he deposited in the bank at the start, giving your answer to the nearest dollar.[3]

Solution:

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Answer:\(\$10000\)

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