John invests $240 in an account that pays simple interest at a rate of 2.35% per year. Calculate the total amount of interest he receives at the end of 5 years.
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2025). The mark or mark type is shown in brackets.
- 8 28.2[0] [2] M1 for 240 × [2.35/100 × 5] oe If 0 scored SC1 for answer of 268.2[0]
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