Business, 13.07.2020 20:01 kaylaanndupree

50 points please help me, below is the case study and question, will name brainliest Pharmaceutical companies develop, produce and sell medication. Medications can take many years to develop before they can be sold. This process involves testing and trialling medications before they can be judged as being safe for use. SANEC is a UK pharmaceutical company, whose customers include the National Health Service (NHS) and private hospitals. SANEC has a loan of £2 million with a bank that it is required to pay back in one year. The annual interest rate is 5% on the whole amount. This is just one way in which SANEC uses the financial services sector. The UK financial services sector plays a critical role in supporting UK businesses and enabling the UK’s economy to grow. It is responsible for almost 10% of national output, adds nearly £150 billion to the UK economy and employs around 1.2 million people. The UK is the world’s largest exporter of financial services.

(b) Calculate the increase in the annual amount of interest paid by SANEC if the bank were to increase the rate of interest on the loan to 6% per year. You must show your working.

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50 points please help me, below is the case study and question, will name brainliest Pharmaceutical...

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