Sarah #1
YEah thats what i got although i just simplified my answer
im really annoyed i didnt see my teacher before we finished school
im going through the 2001 and 2002 papers and there are a few things i really dont get
is anyone else doing the same as me??
i found the whole of Q28 in 2002 really hard !
i cant post question 28(A) cause its a diagram but if anyone has it and can be bothered helping me PLEASE DO
have a go at this question:
(iv) Toby has a long term plan. When he has finished Year 12 he wants to go to uni for 3 years and then thake a back-packing trip around the world.
By the end of 2001 Toby had saved $900 from his earnings and sketeched out the following plan for saving money:
* In Year 9 (2001) i saved $900 (interest included)
* For each year while still at school, save 30% more than i saved the previous year (interest included)
* At the end of Year 12 (2004), deposit total savings in an account paying 4% per annum interest, compounded annually
*Add $2500 to the account at the end of each of the three years while at uni
Tobys goal is to have $15000 in his account at the end of 2007
Will he achive this goal if he follows the above plan? Show all your calculations to justify your answer
I know its a long question but i needddd your help pleaseee somebody lol