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HigherNon-calculatorR16 Growth and decay

Question 1 · 3 marks

Spec and skills
  • Paper scope: Paper 1: non-calculator practice
  • Spec R16
  • Spec R9
  • Original practice question
  • Answer and supported method checks
Two accounts initially contain equal amounts. Account A gains 10% in year 1 and loses 10% in year 2. Account B gains r% in year 1 and loses the same r% in year 2, where r > 0. After year 2, B contains 32/33 of the amount in A. Find r. You must show your working.
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