Sir can you explain me mcq 15 on June 2015 paper please
I do know the formula but I am confused as why we have to subtract 1%(ch)
Ask the Tutor ACCA FM
June 2015
10y ago#1If they take money from investments they are losing 5%.
However, the money will then go into their ordinary bank account which is earning 1%.
So in fact by transferring the money they are only actually losing a net 1%.
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