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Slide 2

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A man invests £2000 in a bank for 6 years
earning 7% interest per annum. How much
does he have at the end of the 6 years?
6 x 7% is 42%.
42% of £2000 is £840.
£2000 + £840 is £2840.
He has £2840…read more

Slide 3

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That is wrong. The last method
used is to solve problems with
simple interest.
A man invests £2000 in a bank for 6 years earning
7% interest of his original investment per year.
How much does he have at the end of the 6 years?
This is the problem we would be solving with the
last method.
A man invests £2000 in a bank for 6 years earning
7% interest per year. How much does he have at
the end of the 6 years?
The next slide shows how to solve this problem.…read more

Slide 4

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A man invests £2000 in a bank for 6 years earning
7% interest per year. How much does he have at
the end of the 6 years?
Starting value £2000
1 Next year (+7%) £2140
2 Next year (+7%) £2289.80
3 Next year (+7%) £2450.08
4 Next year (+7%) £2621.59
5 Next year (+7%) £2805.10
6 Next year (+7%) £3001.46…read more

Slide 5

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Which is the same as..
2000 x 1.07 x 1.07 x 1.07 x 1.07 x 1.07 x 1.07
or more simply,
2000 x 1.076…read more

Slide 6

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Reverse Percentage…read more

Slide 7

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Slide 8

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Comments

daviesg

A colourful presentation written by students for students.

Khadija Siddiqui

this helped me so much!! thank you!

Bham369

Love this! Helped me loads! Thanks!!!!

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