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compound interest gcse pdf. For example if you were to save 200 at 3 simple interest you would earn 6 per year every year. The formula can also be used to calculate compound depreciation.
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Both of these types of questions regularly appear in GCSE mathematics questions on compound interest using a formula. Compound interest is similar to simple interest in that the interest is added on annually. Jaspal invests 2500 for 2 years at 7 per annum compound interest.
Past paper exam questions organised by topic and difficulty for Edexcel IGCSE Maths.
I PRT 5000 11 90 365 13562 Unit 81 Computing simple interest and maturity value 155 c Computing simple interestloans stated in days Example 5 As you can see from Example 5 a 360-day year benefits. The sum lent is called the Principal. Previous IncreasingDecreasing by a Percentage Practice Questions. This is a complete lesson on Compound Interest Depreciation that is suitable for GCSE Higher or Foundation Tier and KS3 students.
