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Compound Measures

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?.

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Compound Measures

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  1. 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

  2. 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?

  3. 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?

  4. 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?

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