Question 8 — IGCSE 0580 May/June 2024 Paper 22
Cambridge IGCSE Mathematics 0580, Extended tier, non-calculator. Topic: Numbers · Simple and compound interest. Worth 3 marks.
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Question text
8 Kai invests $5000 in an account paying simple interest at a rate of r % per year.
At the end of 8 years, the value of his investment is $5700.
Find the value of r.
r = ................................................ [3]
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