Paper 1 · Financial Maths
⏱ Tested in 4 exam questions since 2022
Lesson 2 of 8
Financial Maths 2 – Compound Interest
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- Find the future value of an investment using F = P(1+i)ᵗ (page 30 of the tables)
- Derive F = P(1+i)ᵗ by compounding a balance year by year
- Use logs (third rule, page 21) to find t when the unknown is in the power
- Find the interest earned in a single year using P(1+i)ⁿ − P(1+i)ⁿ⁻¹
Most recent exam questions
- 2024 P1 Q8(f) — deferred
- 2023 P1 Q7(e) — deferred
- 2023 P1 Q8(a)
- 2022 P1 Q7(d)(ii) — deferred
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