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Hi
In the mock exam 2 of bpp ,question 5the part a of the question I don’t understand how they calculated the investment forgone (10400000 *3%)
How did they arrive to 104000000?
Thanx
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hi, Can some one send me any suggestion or mock exam paper for f5 please..
My mail address is, kabir_mth@yahoo.com
I am really worried about the new syllabus,me too, how they derive the 1,040,000,000 ? its take me more than half hour to do this q5 part a.
can someone help us ?tq.
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At the moment, there are 1 million business customers, but if they do not do anything then the existing number will fall by 20%, which would mean 800,000.
So, the average balance would be: (45% x 800,000 x $2,000) + (55% x 800,000 x $(4,000)) = $1,040,000.
Hope that helps.
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