see attached question:
A) 3.1%
B) 9.3%
C) 10.0%
D) 10.5%
E) 12.5%
Please illustrate your working/logic. Thanks.
A) 3.1%
B) 9.3%
C) 10.0%
D) 10.5%
E) 12.5%
Please illustrate your working/logic. Thanks.
- Attachments
-
i would say...
10% of 6000 is 600
now if you sum the 3 quarters you got 400, to arrive at 600 you still need 200.
200 is what percent of 6000+400 (as it is compound you reinvest the 400 already earned)...
200 is 3.1% of 6400....
i dont know if it's right, but it sounds nice, doesnt it?
