Which part of the calculation is this?
Exercise and reference answers
- Items
- Item
- The sum originally deposited
- Category
- Principal
- Item
- The base the interest is worked on
- Category
- Principal
- Item
- Quoted per annum
- Category
- Rate
- Item
- A percentage per year
- Category
- Rate
- Item
- Principal plus interest
- Category
- Amount
- Item
- What is finally paid back
- Category
- Amount
- Categories
- Item
- Principal
- Item
- Rate
- Item
- Amount
Explanation
Principal, rate, time and amount each play one role. Source: syllabus Maths, Ch 7 Comparing Quantities.