Mathematics 0580 · IGCSE · Exponential growth and decay

Exponential growth and decay — practice question

Hazel puts $1800$ into an account for $7$ years, earning compound interest at $1.5\%$ each year.
(main)[4]

Calculate the amount of interest she gets after the 7 years. Round 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: “B3 is given for 197.7… or a response of 198.00” …

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