Exam-style question
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Calculating compound interest over multiple years.
Description
Compound Interest
An amount of £2000 is invested at 5% compound interest per year. Calculate the total amount after 3 years.
- a[4]
Calculate the total amount after 3 years.
Aim for approximately 4 distinct marking points.
0 of 1 part answered
Answer every part before opening the mark scheme.
Maths method check
- Topic focus: Percentages.
- Question style: structured_mathematics.
- Reasoning demand: reasoning.
- Check the operation, notation, units, and final answer form against the question before moving on.
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