interest

[vivid igloo]

A bank account pays
interest of 1.06% per
year. Doreen invests
£2800 in this account for
5 years.
How much interest does
she accrue over this
period?

don't u do 2800 x 0.0106^5

and then subtract that value from 2800 or..?

i kinda forgot this topic.. <@&791435371564892232>

[white adder]

No

That would decrease the price

[vivid igloo]

yhh

[white adder]

Think abt what interest is, logically

[vivid igloo]

so whats the method?

[white adder]

So the multiplier would be 1.0106

^5

Should give u ur and

[vivid igloo]

from where?

[white adder]

Ans

[white adder]

Wdym

That’s the percentage u said

[vivid igloo]

ohh

and u put that to the power of 5

it says accure so i have to take away it

on the ms it says this, isnt this wrong? @white adder

[gloomy violet]

Why

It’s right

[vivid igloo]

try on ur calc

i swear im doing the right substitution

i keep getting 2951.579606

[jaunty helm]

Ye this is right

Who ever wrote the mark scheme mistyped it into their calculator

They did 1.016 instead of 1.0106

[vivid igloo]

aah

alr thanks

[gloomy violet]

I swear it’s 1.0106

Cos u do 1+ (%/100)