Mathematics · May / June 2025 · Paper 41 · Question 16
0580
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0580/41/M/J/25 © UCLES 2025 [Turn over 16 Mateo invests $1250 at a rate of ¨ % per year compound interest. At the end of 6 years the total value of his investment is $1484. Calculate the value of ¨. ¨ ¤ [3]
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2.9[0] or 2.901… [3]
M2 for 6 1484 1250
or M1 for 1250 × k6 = 1484
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