June 2015

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 26, 2015 at 3:25 am #285327
farhana001
Member
- Topics: 34
- Replies: 45
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)
November 26, 2015 at 9:06 am #285381
John Moffat
Keymaster
- Topics: 57
- Replies: 54856
If 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%.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.