Edexcel Gcse Mathematics (Linear) - Compound Interest And Depreciation Page 2
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81.
Toby invested £4500 for 2 years in a savings account.
He was paid 4% per annum compound interest.
How much did Toby have in his savings account after 2 years?
£ ............................
(Total 3 marks)
2.
The value of a car depreciates by 35% each year.
At the end of 2007 the value of the car was £5460
Work out the value of the car at the end of 2006
£ ..................................
(Total 3 marks)
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