Mapa mental
Percentage change
Conteúdo do 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?
Informações
- Descrição
- GCSE Maths (Year 8 Number 1) Mapa Mental sobre Percentage change, criado por Ellen Billingham em 05-05-2013.
- Criado por
- Ellen Billingham
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