0580 P41 - Nov 2019 - Q3 - 6 marks
13920
(a) Dina invests \$600 for 5 years at 2% annual compound interest. Find the final value. [2]
A gold ring increases in value by 5% per year. It is now worth \$882.
(b(i)) Find its value 2 years ago. [2]
(b(ii)) How many complete years does it take for its value to become greater than \$1100? [2]