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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Burcolene/Dec 07
John, could you please explain the foloowing calculation
25.4 * (1-0.05)^3* 0.8
(1-0.05) ^3 ——???
I am not sure which bit of it you are wanting me to explain.
(1-0.05)^3 is a way of typing (1-0.05) to the power of 3 (i.e. cubed).
So it equals 0.95^3 = 0.95 x 0.95 x 0.95 = 0.857375
