Edexcel Gcse Mathematics (Linear) - Compound Interest And Depreciation Page 4
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85.
Henry invests £4500 at a compound interest rate of 5% per annum.
At the end of n complete years the investment has grown to £5469.78.
Find the value of n.
……………………
(Total 2 marks)
6.
A company bought a van that had a value of £12 000
Each year the value of the van depreciates by 25%.
Work out the value of the van at the end of three years.
£ .......................
(3)
(Total 3 marks)
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