In the previous blog, I explained the difference between simple and compound interest. In this blog, I will show you how to make use of multipliers to answer compound interest questions efficiently. I will also introduce the concept of depreciation and show how you can use multipliers to answer those… Continue reading How to use multipliers
Tag: compound
The difference between simple and compound interest
In both the foundation and higher tiers of GCSE maths, interest questions come up fairly regularly. You will need to be able to apply two different types of interest – compound and simple. In this blog I will explain the difference between the two methods by way of an example.… Continue reading The difference between simple and compound interest
