Mapa mental
Percentage change
Contenido del mapa
Percentage change
Compound Interest
- I put £30,000 in a bank and it has an interest rate which makes it rise by 3% 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 3% every year. How much money will I have after 5 years?
Información
- Descripción
- GCSE (Year 8 Number 1) Maths Mapa Mental sobre Percentage change, creado por Ellen Billingham el 05/05/2013.
- Creado por
- Ellen Billingham
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