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X=2Y=1

Year 1£10,000 * 15% = £1,500 (Depreciation for year 1)£10,000 - £1,500 = £8,500 (Net present value at the end of year 1)
Year 2£8,500 * 15% = £1,275 (D...

This question is a simultaneous equation, this means we substitute one value into the other equation.We are looking for the points where the curves intersect.First I would take x+y=3 and bring the y over ...

We solve this by multiplying the starting value, £4500 , by 1 + {the interest rate expressed as a decimal} , or in this case, 1 + 0.013 . This gives us £4500 x 1.013⁶ and when we type this into...

Enzymes are secreted by the microorganisms and extracellular digestion takes place as the enzymes break down any complimentary substrate. Next, the products of this digestion are absorbed into the microor...