Beth invests $$\(\$ 2000\)$$ at a rate of $$\(2 \%\)$$ per year compound interest. Calculate the overall percentage increase in the value of Beth's investment at the end of 5 years. ......................................... $$\(\%\)$$

Mathematics
IGCSE&ALevel
CAIE
Exam No:0580_w20_qp_42 Year:2020 Question No:3(a)(ii)

Answer:

\(10.4\) or \(10.5\) or \(10.40\) to \(10.41\)

Knowledge points:

E1.12.3 Calculate percentage increase or decrease.

Solution:

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