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Edexcel IGCSE Math A Higher 1.6 Hb Compound Interest Problems Questions

Practise compound-interest questions by setting up repeated multipliers, taking roots and rounding the final rate or amount.

Syllabus
First assessment 2018
Course
Math A 4MA1
Level
Higher

Exam points

  • Set up compound equations using yearly multipliers and the given final amount.
  • Use roots to find repeated yearly rates from a final amount after several years.
  • Compare compound interest with ratio-based interest information from another bank.

Edexcel IGCSE Math A Higher 1.6 Hb Compound Interest Problems Questions question 1

[Maximum number: 3]

Himari invests 200000 yen for 3 years in a savings account paying compound interest.
The rate of interest is 1.8% for the first year and x % for each of the second year and the third year.

The value of the investment at the end of the third year is 209754 yen.
Work out the value of x
Give your answer correct to one decimal place.

x=
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