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2 marksSimple Interest

CSEC Mathematics · 2009 (second paper) · Paper 2 · Question 5(a)(ii)

Kurt invested $5000 in a Savings Account at 8% simple interest per annum.

Calculate the amount of time that is required to earn $2000 in interest.

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Other parts of this question

  1. 5(a)(i)Calculate the interest earned at the end of 18 months.[2 marks]
  2. 5(b)Calculate the missing values at (i), (ii), (iii), (iv), (v) and (vi) in the electricity bill.[6 marks]

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