How to calculate compound interest using a formula
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11 سال پیش
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This is the second video
This is the second video dealing with GCSE compound interest question. This time the question uses the formula:
Amount after n years = (starting amount) x (multiplier)^n
"Raj invested £4500 for 3 years in a savings account.
He was paid 4% compound interest per year.
How much did Raj have in his savings account after 3 years?"
I hope the video helps and please do leave a comment - thanks.
Visit http://www.mathswrap.co.uk real maths, tips and techniques. The quick tests, mentioned in the video, are on http://www.mathswrap.co.uk/quick-math...
Amount after n years = (starting amount) x (multiplier)^n
"Raj invested £4500 for 3 years in a savings account.
He was paid 4% compound interest per year.
How much did Raj have in his savings account after 3 years?"
I hope the video helps and please do leave a comment - thanks.
Visit http://www.mathswrap.co.uk real maths, tips and techniques. The quick tests, mentioned in the video, are on http://www.mathswrap.co.uk/quick-math...
11 سال پیش
در تاریخ 1392/04/28 منتشر شده
است.
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