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Edexcel IGCSE Math A 1.6.G Compound Interest & Depreciation

Practise repeated growth and depreciation with multipliers, including reverse and missing-rate problems.

Syllabus
First assessment 2018
Course
Math A 4MA1
Level
Higher

Exam points

  • raise the annual multiplier to the number of years before applying the starting value
  • use a multiplier below 1 for depreciation and above 1 for compound growth
  • rearrange a final-value equation to solve for an unknown annual rate

1.6.G Compound interest and depreciation question 1

[Maximum number: 3]

Chengbo sold a house for 180000 yuan.
The amount for which he sold the house is 24% more than the amount he paid for the house.

Work out the value of Zhi's house on 1st January 2020

Give your answer correct to 3 significant figures.
yuan

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