Recent content by thestudyguy

its a sequence question so i dont think they will give marks for this btw there is no compound interest in the AS syllabus for maths

Can anyone please help me . 9709/12/O/N/17 Each year, the value of a certain rare stamp increases by 5% of its value at the beginning of the year. A collector bought the stamp for $10 000 at the beginning of 2005. Find its value at the beginning of 2015 correct to the nearest $100.