Mindmap
Percentage change
Inhalt der Mindmap
Percentage change
Compound Interest
- I put £30,000 in a bank and it has an interest rate which makes it rise by 4% every year. How much money will I have after 5 years?
- 30000 x (multiplier)^number of years
- multiplier is 0.04 for 4%, but we want an increase, so it's 1.04
- 30000 x (1.04)^5
- £36499.59
- 30000 x (multiplier)^number of years
- I put £30,000 in a bank and it has an interest rate which makes it rise by 4% every year. How much money will I have after 5 years?
Informationen
- Beschreibung
- ACA Maths Mindmap am Percentage change, erstellt von Tomas King am 31/05/2018.
- Erstellt von
- Tomas King
- Aufrufe
- 1
- Tags
- Verlauf
-
- Erstellt von Ellen Billingham · 5 Mai 2013
- Kopiert von Tomas King · 31 Mai 2018
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