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Daily Problem·Sunday, 11 August 2024Back to today

Compound interest

GCSE · Mathematics · AQA · R — Ratio, proportion and rates of change

Question

£5,000 is invested at a compound interest rate of 3.5% per annum. Calculate the value after 4 years, giving your answer to the nearest penny.

3 marks · take your time before peeking.

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Generated by TopMyGrade AI · cross-check official sources before relying on the mark-scheme phrasing.