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12-11-2022
Mathematics

contestada

Abi takes out a loan that gathers compound interest.
The table below shows the value of the loan over time.
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.

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