Wednesday, 23 July 2014

Rate - Class Work 4 (Tier C) Q15

This was the working presented by Prateek (Gruop 4)

Point to Ponder: Do you know the assumption he made when he worked out the interest?
The Question is: Does the answer applies to if the duration is extended to 5 or 10 years?



Now, if you work with the unknown (i.e. using Algebra), when the computation takes into consideration any duration (i.e. T)





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