This item is taken from IGCSE Mathematics (0580) Paper 03 of October/November 2009.
To deal with this item, let us summarize the details of the problem:
(a) Syllabus area: Algebra
(b) Specific topic: Compound Interest
(c) Formula Needed:
Let us identify first the given in the problem:
Now, using the formula for compound interest, we can now find the total amount.
Therefore, Peter owes $5962.32 from the bank after two (2) years.
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Your comments and suggestions are welcome here. You may write them in the comment box below.
Thank you and God bless!
To deal with this item, let us summarize the details of the problem:
(a) Syllabus area: Algebra
(b) Specific topic: Compound Interest
(c) Formula Needed:
Let us identify first the given in the problem:
Now, using the formula for compound interest, we can now find the total amount.
Therefore, Peter owes $5962.32 from the bank after two (2) years.
---------------------------------------------------------------------------------------------------------------
Your comments and suggestions are welcome here. You may write them in the comment box below.
Thank you and God bless!
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