Compound interest Flashcards
1
Q
What would you type in the calculator to work this out?
Compound interest: Invest £2000 for 3 years at a rate of 12.5%
A
2000 * 1.125^3
2
Q
What would you type in the calculator to work this out?
Work out the latest cost: A car costs £5000 and depreciates by 7.3% for 4 years.
A
5000 * 0.927^4
3
Q
What would you type in the calculator to work this out?
A coat cost £45 after a reduction of 7%. What was the original price?
A
45 / 0.93
