Paper 1 · Financial Maths
⏱ Tested in 4 exam questions since 2017
Lesson 1 of 8
Financial Maths 1 – Simple Interest
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- Find the future value of an investment using the simple-interest formula F = P(1+ni)
- Convert the rate to a decimal and match n to the rate's period (months vs years)
- Rearrange F = P(1+ni) to find the time n or the starting amount P
- Explain how compound interest differs from simple interest
Most recent exam questions
- 2025 Paper 1 Q8(a) — successive percentage discounts
- 2024 Paper 1 Q10(d) — order of operations matters for percentage and absolute discounts
- 2024 Paper 1 Q7(a) — Irish PAYE income tax — two tax bands, gross tax, then tax credit
- 2017 Paper 1 Q8(b)(i) — percentage of a fixed amount
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