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0580 P42 - Mar 2016 - Q5 - 11 marks
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(a) Meena sells a car for \$6000 at a loss of 4% of its purchase price. Find the purchase price. [3]

(b) Eisha exchanges euros for \$6000 when \(\text{€}1=\$1.351\). Find the euros exchanged, to the nearest euro. [3]

(c) Meena invests \$6000 at 1.5% annual compound interest. Eisha invests \$6000 at simple interest. After 8 years their balances are equal. Find Eisha’s annual percentage rate. [5]

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