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Salsk061 [2.6K]
3 years ago
14

Jasmine invests £250 in a building society. After the first year her account

Mathematics
1 answer:
olga55 [171]3 years ago
6 0

Answer:

(a) 5.00%

(b) 7.00%

(c) 12.35%

Step-by-step explanation:

(a) Find the difference, in £, between the value after the first year and the original value. Divide that by the original value and multiply by 100:

262.50-250=12.50\\\\\frac{12.5}{250}*100= \frac{125}{25}=5.00\%

(b) Find the difference, in £, between the value after the second year and the value after the first year. Divide that by the value after the first year and multiply by 100:

280.88-262.50=18.38\\\\\frac{18.38}{262.50}*100= 7.0019\%=7.00\%

(c) Find the difference, in £, between the value after the second year and the original value. Divide that by the original and multiply by 100:

280.88-250=30.88\\\\\frac{30.88}{250}*100= 12.352\%=12.35\%

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