Mathematics 0580 · IGCSE · Exponential growth and decay

Exponential growth and decay — practice question

Georg puts $5000 into an investment for 14 years at 2% compound interest per year.
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Calculate the interest he earns. State your answer to the nearest dollar.

Worked solution & mark scheme

This 4-mark question has a full step-by-step worked solution and mark scheme. One marking point: “$5000 \left(1+{2 \over 100}\right)^{14}$ ” …

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