Beth invests $$\(\$ 2000\)$$ at a rate of $$\(2 \%\)$$ per year compound interest. Calculate the value of this investment at the end of 5 years. $$\(\$\)$$ ............................................
Exam No：0580_w20_qp_42 Year：2020 Question No：3(a)(i)
Answer:
2210 or 2208 or \(2208.2\), or \(2208.16 \ldots\)
Knowledge points:
E1.16.1 Use given data to solve problems on personal and household finance involving earnings, simple interest and compound interest. (Includes discount, profit and loss.) (Knowledge of compound interest formula is required.)
E1.16.2 Extract data from tables and charts.
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download