◈ Oracle PrepSign Up Free
O-LevelMathematicsNumber4024/11 · May/June 2024 · Q82 Marks

Ahmed invests $4000 at a rate of 1.5% per year simple interest. Calculate the value of the investment after 2 years.

  1. (a)Calculate the value of the investment after 2 years.[2]

Mark scheme

Marking points from the official mark scheme (May/June 2024). The mark or mark type is shown in brackets.

  1. [2] 4120
  2. M1 for 4000 × 1.5/100 × 2 oe

Write your answer and get it marked

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Sign up free →

About this question

Topic
Number, O-Level Mathematics (syllabus 4024). Structured question, 2 marks.
Source
O-Level Mathematics, May/June 2024 Paper 1 Variant 1, question 8.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Mathematics questions

NumberMay/June 20141m

By writing each number correct to one significant figure, estimate the value of (28.6 + 47.7) / (0.47 x 21.4).

NumberMay/June 20141m

Write 8/25 as a decimal.

NumberMay/June 20141m

One morning the temperature was 5°C. By the evening the temperature had dropped 9°C. Write down the temperature in th…

Algebra and graphsMay/June 20142m

The cost of a mirror is directly proportional to the square of its width. A mirror of width 40 cm costs $24. Work out…

Algebra and graphsMay/June 20143m

A café sells hot drinks. On Monday it sells 80 teas, 60 coffees and 40 hot chocolates. On Tuesday it sells 70 teas, 9…

Algebra and graphsMay/June 20143m

f(x) = 2 - 3x Find

← Browse all past-paper questions

© 2026 Oracle Prep