alicekirby01 alicekirby01

22-03-2024
Mathematics

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

Start: £6500.00
After 1 year: £6838.00
After 2 years: £7193.58

What is the rate of interest per annum? Give your answer as a percentage to 1 d.p.

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