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cimastudent123 says

Hi, in relation to open tuition f3 at page 5 example 3, can you explain please step by step how do you put into calculator all the numbers to get 3.3 %? I have tried and can not get the same answer!! Please help!

Example 4 page 5 can you explain what does redeemable bond of 97% mean and why do we write it as 0.97? How redeemable bond can be else expressed and how should this be written when you do the calculations?

Thank you.

plja2117 says

I also don’t get 3.3%. I’d get 3.3% if it is [(EPS 20X6/EPS 20X3) to the power of 3]-1 but the formula is [(EPS 20X6/EPS 20X3) root of 3]-1.

duffface says

bit late for the May comment but here is how i get it….

(17.2/150) / (10.4/100) equals, then AC, then shift button and button shows 3root with a filled in box underneath then ANS, then minus 1, multiply by 100 if you need to to see the final percentage.