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O-LevelMathematicsNumber4024/12 · May/June 2022 · Q62 Marks

Kabir invests $250 in a savings account. The account pays simple interest at a rate of 1.5% per year. Calculate the total amount of interest he will receive at the end of 4 years.

Mark scheme

Marking points from the official mark scheme (May/June 2022). The mark or mark type is shown in brackets.

  1. [2] 15 M1 for 250×(1.5/100)×4 oe

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About this question

Topic
Number, O-Level Mathematics (syllabus 4024). Structured question, 2 marks.
Source
O-Level Mathematics, May/June 2022 Paper 1 Variant 2, question 6.

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