Ollie invests $$\(\$ 200\)$$ at a rate of $$\(0.0035 \%\)$$ per day compound interest. Calculate the value of Ollie's investment at the end of 1 year. [1 year $$\(=365\)$$ days. $$\(]\)$$ $$\(\$\)$$ ............................................
Exam No：0580_s20_qp_42 Year：2020 Question No：1(c)(ii)
Answer:
203 or \(202.5\) to \(202.6\)
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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