Flashcards in Percentages Deck (9)

Loading flashcards...

1

What is simple interest?

The same amount of interest each year

2

What is compound interest?

Find the new amount of interest each year

3

To increase by 5% multiply by

1.05

(1 + 0.05)

4

To decrease by 15% multiply by

0.85

(1 - 0.15)

5

To decrease by 5% multiply by

0.95

(1 - 0.05)

6

To increase by 15% multiply by

1.15

(1+0.15)

7

Depreciate means

decrease

8

To increase by 60% multiply by

1.60

(1 + 0.6)

9

To decrease by 30% multiply by

0.7

(1 - 0.3)