Mathematics · May / June 2024 · Paper 21 · Question 10
0580
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Amir invests $1500 in an account. The account pays compound interest at a rate of r % per year. At the end of 8 years the value of his investment is $1656.73 . Find the value of r. r = [3]
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1.25 or 1.250… [3]
M2 for 8 1656.73 oe 1500 () 8 =
or M1 for 1656.73 1500 k oe for any k
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