The value V of this investment after n years is given by the formula V 500 1045 n a Write down the value of R. Derrick has 10 000 he wants to invest. Videos worksheets 5-a-day and much more.
To answer this question you begin by working out 5 of 250 which 1250.
For explanations read Compound Interest. The difference between the two is that simple interest is a fixed amount of interest. A series of videos looking at the Edexcel practice papers for the new exam specification. All GCSE Videos Unblocked.