Financal math Flashcards
1
Q
What is the leave loading percentage?
A
17.5%
2
Q
Simple interest formula
A
I(interest) = P($ borrowed/invested) x R(rate) x N(time)
3
Q
compound interest
A
A(P+I) = P (1+ R)^N
4
Q
depreciation
A
A = P (1- R)^N
5
Q
Tax payable
A
fixed $+ (taxable income - minimum income for bracket) x cents per dollar
6
Q
medicare levy
A
2%
