OCR Further Pure Core AS Specimen — Question 6

Exam BoardOCR
ModuleFurther Pure Core AS (Further Pure Core AS)
SessionSpecimen
TopicMatrices

6 At the beginning of the year John had a total of \(\pounds 2000\) in three different accounts. He has twice as much money in the current account as in the savings account.
  • The current account has an interest rate of \(2.5 \%\) per annum.
  • The savings account has an interest rate of \(3.7 \%\) per annum.
  • The supersaver account has an interest rate of \(4.9 \%\) per annum.
John has predicted that he will earn a total interest of \(\pounds 92\) by the end of the year.
  1. Model this situation as a matrix equation.
  2. Find the amount that John had in each account at the beginning of the year.
  3. In fact, the interest John will receive is \(\pounds 92\) to the nearest pound. Explain how this affects the calculations.