Question: [ Maximum mark: 7 ] 2 2 N . 1 . SL . TZ 0 . 7 On 1 December 2 0 2 2 ,

[Maximum mark: 7]
22N.1.SL.TZ0.7
On 1 December 2022, Laviola invests 800 euros (EUR) into a savings account which pays a nominal annual interest rate of 7.5% compounded monthly. At the end of each month, Laviola deposits an additional EUR 500 into the savings account.
At the end of k months, Laviola will have saved enough money to withdraw EUR 10000.
(a) Find the smallest possible value of k, for kinZ+.
(b) For this value of k, find the interest earned in the savings account.
Express your answer correct to the nearest EUR.
[3]
 [Maximum mark: 7] 22N.1.SL.TZ0.7 On 1 December 2022, Laviola invests 800

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