July 2010
Beginner
727 pages
14h 13m
English
Content preview from Business Mathematics
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7
Simple Interest, Average Due Dates and Rebate on Bills Discounted
LEARNING OBJECTIVES
After studying this chapter, you will be able to understand:
- The basic concept of simple interest and its terminology
- How to calculate simple interest by using daily product method
- Meaning of average due date and its application to obtain rebate or to calculate simple interest
INTRODUCTION
At various stages of life, a need of additional money may arise. Money may be borrowed from a money lender or from some financial institution and will be returned after a fixed period of time. Due to variety of reasons the money lender charges some additional amount to the borrower for the use of his money. Some of the reasons are:
- Money value changes from time to ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.