2 (a) Anil changes $830 into euros when the exchange rate is 1 euro = $1.16 . He spends 500 euros. He then changes the remaining money back into dollars at the same exchange rate. Work out how much, in dollars, Anil receives. $ ................................................ [3] (b) In 2021, Anil earns $37 000. (i) He spends $12 400 on bills in 2021. Calculate the percentage of his earnings he spends on bills. ............................................. % [2] (ii) His earnings of $37 000 increase by 3.2% in 2022. Calculate his earnings in 2022. $ ................................................ [2] © UCLES 2023 0580/42/M/J/23 5 (c) Anil invests $3500 in an account that pays a rate of 2.4% per year compound interest. (i) Calculate the total interest earned at the end of 5 years. $ ................................................ [3] (ii) Find the number of complete years before Anil has at least $5000 in this account. ........................................ years [3] © UCLES 2023 0580/42/M/J/23 [Turn over 6