Percentages Flashcards

1
Q

What is simple interest?

A

The same amount of interest each year

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2
Q

What is compound interest?

A

Find the new amount of interest each year

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3
Q

To increase by 5% multiply by

A

1.05

(1 + 0.05)

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4
Q

To decrease by 15% multiply by

A

0.85

(1 - 0.15)

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5
Q

To decrease by 5% multiply by

A

0.95

(1 - 0.05)

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6
Q

To increase by 15% multiply by

A

1.15

(1+0.15)

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7
Q

Depreciate means

A

decrease

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8
Q

To increase by 60% multiply by

A

1.60

(1 + 0.6)

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9
Q

To decrease by 30% multiply by

A

0.7

(1 - 0.3)

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