WebCompound interest problems are much easier to solve by using the multiplier method. For example, a 5% increase on the original balance in a bank would mean there is now 105% in the bank. This is ... WebWhat would an increase in interest rates encourage? More consumer spending More borrowing More saving 5 What is expected to happen when unemployment falls? More people will be without a job...
Interest – Simple and Compound - BBC Bitesize
WebThe economic climate affects businesses in six main ways: unemployment changing levels of consumer income changes in interest rates inflation government taxation including national insurance... WebThe rate of interest is 4.5% per annum. Calculate the simple interest gained in 9 months. £6.15 £55.35 £73.80 7 A computer costs £1800 cash. The credit agreement terms are: deposit 15%,... imh hospital menu
The economy and business - BBC Bitesize
WebAnswer Amount at the start = \ (\pounds 400\) Interest in the 1st year = \ (\frac {5} {100}\times400=\pounds 20\) Amount after 1 year = \ (\pounds400\,+\pounds20=\pounds420\) Interest in the... WebPercentages are used in everyday life, for example, calculating discounts during sales and interest rates at banks. Knowing how to find and use percentages is an important skill. Part of Web£150 is invested at 5% compound interest for 2 years. How much will be in the account at the end of the investment? £165.38 £165 £160 10 What is 10% of 62? 6.2 0.62 62 Check score list of primates alphabetically