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2.1 Introduction to the national economy

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Question 6

A firm borrows £20,000 for one year at 6% simple interest to finance a project. The project adds £2000 to profit before interest is paid. What is the firm's net gain from the project after paying interest?

[1]
A

£800

B

£1,200

C

£2000

D

£3200

Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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