Answered

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a) What is the rate of interest per annum?
Give your answer as a percentage to 1 d.p.
b) Work out the value of the loan 10 years after it starts.
Give your answer in pounds (£) to the nearest 1p.
Start
After 1 year
After 2 years
£7500.00
£7920.00
£8363.52

Sagot :

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