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James wins the lottery and gets £200,000. He decides to spend 10% of his winnings and invest the rest. From the money he has invested, he receives interest of 3% per year. How much money does James have after 5 years (to the nearest pound)?

James starts with £200,000. He then spends 10% of his winnings: 200,000*(1-0.1)=180,000 The 1 represents 100%, which the amount of money James starts with. He then spends 10%, which is represented by the -0....
EH
Answered by Edward H. • Maths tutor
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Describe the working memory model of memory (6 marks)

The working memory model was proposed by Baddeley and Hitch in 1974. They thought there were 3 different stores for short term memory; the phonological loop, the visuospatial sketchpad, and the central execu...
NB
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How should a business market a product that has price-inelastic demand and a high income elasticity of demand? (9 marks)

Price-inelastic demand refers to products which demands don’t change as the price of the product changes. This usually means that the product is either a necessity and there aren’t many alternatives or it is...
NB
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What is the difference between urbanisation and counter-urbanisation?

Urbanisation and re-urbanisation both refer to the net movement of people into urban areas; in this sense, they are similar. The key difference lies in the times at which this movement occurs. Urbanisation i...
CD
Answered by Charles D. • Geography tutor
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How can I structure my exam answers better when writing about an unseen passage?

In the mark scheme at English A level, there is often reference to 'form' (e.g. context, letters vs novels), 'structure' (the order in which ideas emerge in the passage) and 'language' (the use of specific w...
CD
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