Malena invests $$\(\$ 1800\)$$ at a rate of $$\(2.1 \%\)$$ per year compound interest. Calculate the value of her investment at the end of 15 years. $$\(\$\)$$ .............................................

Mathematics
IGCSE&ALevel
CAIE
Exam No:0580_w21_qp_42 Year:2021 Question No:1(d)

Answer:

2460 or \(2458 . \ldots\)

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.)

Solution:

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