Math - financial arithmetic 2 Flashcards
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1
Q
2.7 - Compound Interest Formula?
A
A = P ( 1 + i) ₙ
2
Q
2.5 - Profit?
A
selling price - cost price
3
Q
2.5 - Profit %?
A
profit/cost price X 100
4
Q
2.5 - Loss %?
A
loss/cost price X 100
5
Q
2.4 - How much is GST in Australia?
A
10%
6
Q
2.5 - Loss?
A
cost price - selling price
7
Q
2.6 - Simple Interest formula?
A
I = P X i X n
8
Q
2.6 - Amount?
A
Amount = P + I
9
Q
2.6 - Time formula?
A
n = I/p x i
10
Q
2.6 - Principal formula?
A
p = I/i x n
11
Q
2.6 - Interest rate (%) formula?
A
i = I/p x n
12
Q
2.7 - Interest?
A
I = A - P
13
Q
2.8 - Convert to foreign currency?
A
$AUD X exchange rate
14
Q
2.8 - Foreign currency converted to AUD?
A
foregin currency/exchange rate
15
Q
2.3 - amount after mark-ups?
A
sale price (%) = 100% + mark-up (%)
16
Q
2.4 - price with GST included?
A
multiply by 1.1
17
Q
2.4 - price w/o GST?
A
divide by 1.1
18
Q
A
