Question 14 — IGCSE 0580 Oct/Nov 2025 Paper 42
Cambridge IGCSE Mathematics 0580, Extended tier, calculator. Topic: Numbers · Simple and compound interest. Worth 8 marks.
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Question text
14 (a) Carlos invests $24 000 at a rate of 3.2% per year compound interest.
Calculate the value of his investment at the end of 4 years.
$ ................................................ [2]
(b) Carlos buys a painting for $x.
He sells the painting for $40 870.
He makes a profit of 34%.
Calculate the value of his profit.
$ ................................................. [3]
(c) Carlos also buys a car with a value of $32 500.
The value of the car decreases exponentially by 23% each year.
Find a formula for the value, $V, of the car at the end of n years.
................................................. [3]
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