Problem Bank | IB Math AIHL

Give an expression for the value of Laura's savings after n years.
[1]
Part (a):
A(n)=
Calculate the amount of interest she will earn over 5 years, giving your answer to the nearest dollar.
[2]

Laura wants to use her savings to put down a $10000 deposit on a car.

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[Maximum mark: 5]

Laura invests $6000 in a savings account that pays an annual interest rate of 5.5%. Interest is compounded monthly.

Give an expression for the value of Laura's savings after n years.
[1]
Part (a):
A(n)=
Calculate the amount of interest she will earn over 5 years, giving your answer to the nearest dollar.
[2]

Laura wants to use her savings to put down a $10000 deposit on a car.

Ask Plex AI about this problem

Get hints, ask questions, and work through this problem step by step

I'm Plex, here to help with problems on this worksheet!

[Maximum mark: 5]

Laura invests $6000 in a savings account that pays an annual interest rate of 5.5%. Interest is compounded monthly.

Give an expression for the value of Laura's savings after n years.
[1]
Part (a):
A(n)=
Calculate the amount of interest she will earn over 5 years, giving your answer to the nearest dollar.
[2]

Laura wants to use her savings to put down a $10000 deposit on a car.

[Maximum mark: 5]

Laura invests $6000 in a savings account that pays an annual interest rate of 5.5%. Interest is compounded monthly.

Give an expression for the value of Laura's savings after n years.
[1]
Part (a):
A(n)=
Calculate the amount of interest she will earn over 5 years, giving your answer to the nearest dollar.
[2]

Laura wants to use her savings to put down a $10000 deposit on a car.