Compound Measures Example

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Presentation transcript:

Compound Measures Example A bank pays interest of 12%. If Mr Smith puts £4000 into the bank, how much will he have after One year Three years Ten years

Example In 2005 Mrs Watson’s salary was £30 000 per year. Her pay is increased by 6% each year, what will her salary be in 2008?

Example The price of a house was £250 000. At the end of each year the price has decreased by 10%. What is its value at the end of 1 year Three years Five years?

Example Ben buys a car at £7000, each year the car will depreciate in value by 17%. What will be the value of the car in 2 years 8 years?