if i deposit £100 in a bank and the interest rate is 17.5% per year how much will i get after 2,5 and 10 years?
if i buy a car for £4500 including VAT which is 14.5% how much is my car worth without the VAT
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At simple interest you would get A = 100( 1 + 0.175*n) where n = number of years
If you get compound interest A = 100 ( 1 + 0.0175)^n
14.5/100 = X/4500 = 652.50
So car is worth 4500 - 652.50= 3847.50
VATS TARGETING SYSTEM FALLOUT 3