Mathematics 0580 · IGCSE · Rates

Rates — practice question

A sum of $2600 is placed for 5 years at a simple interest rate of $4\%$ per year.
(main)[2]

Calculate the total interest earned after the $5$ years.

Worked solution & mark scheme

This 2-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Method used: $2600 \times 5 \times \frac{4}{100}$” …

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI