Chapter 17, Example 1- I had to alter the settings on my calculator to get my answer match the model answer. Is there a tolerance in the exam for this, or is their a universal setting for the calculators?
I suspect it’s not a matter of adjusting your calculator!
Indexation factor is rounded to three decimal places for everything except shares where the indexation factor is not rounded.
Yeah, but to get to the same indexation factor as the model answer, I had to adjust my calculator settings. I had a difference of 0.001 and it changed the IA by £9. I just want to know if there is a tolerance for rounding on the exam.
(229.2-212.1)/212.1 = 0.08062234794 (from my calculator)
now round to three decimal places one gets.0.081
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