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BA3020QA - Using And Managing Data or Information - Mortgage & Fixed Interest Rate - Mathematics Assignment Help
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Assignment Task
Task 2
Use the Excel formatting facilities (show formulae) to answer the following questions:
a. Express 42.5% as a fraction in its simplest form.
b. Express 0.18 as a percentage.
c. 0.725 as a fraction in its simplest form.
d. Helen achieved 26/40 in a test. Express her result as a percentage.
e. Work out 4/9 ÷ 3/8, giving your answer as a fraction in simplest form.
Task 2
Use the Excel formatting facilities (show formulae) to answer the following questions:
a. Express 42.5% as a fraction in its simplest form.
b. Express 0.18 as a percentage.
c. 0.725 as a fraction in its simplest form.
d. Helen achieved 26/40 in a test. Express her result as a percentage.
e. Work out 4/9 ÷ 3/8, giving your answer as a fraction in simplest form.
d. Calculate the monthly repayments (payable at the end of each month) for a period of 25 years, for a mortgage of £250,000 at a fixed interest rate of 2.9% per year.
e. What is the single amount you need to save today so that you will have £30,000 in 5 years, if the saving rate is 4%? Assume that interest is applied to the account at the end of every year.
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