Foundation November 2022 Paper 1 Q15
15. Sarah borrows £4200 from her friend at a rate of 2% simple interest per year.
She agrees to pay back the £4200 plus the interest in one payment at the end of 5 years.
How much should Sarah give her friend at the end of the 5 years? [3]
| Scheme | Marks | Comments |
|---|---|---|
| (£)4200 \(\times \frac{2}{100} \times 5\) oe | M1 | |
| (£)420 | A1 | |
| (£)4620 | B1 | FT 4200 + ‘their 420’, provided M1 awarded If no marks award SC1 for sight of 84 |
| (3) |