1
Q
What is simple interest?
A
The same amount of interest each year
2
Q
What is compound interest?
A
Find the new amount of interest each year
3
Q
To increase by 5% multiply by
A
1.05
(1 + 0.05)
4
Q
To decrease by 15% multiply by
A
0.85
(1 - 0.15)
5
Q
To decrease by 5% multiply by
A
0.95
(1 - 0.05)
6
Q
To increase by 15% multiply by
A
1.15
(1+0.15)
7
Q
Depreciate means
A
decrease
8
Q
To increase by 60% multiply by
A
1.60
(1 + 0.6)
9
Q
To decrease by 30% multiply by
A
0.7
(1 - 0.3)
