After completing this chapter, you should be able to:
Review the concept of simple interest and solve word problems on it
Learn practical applications of simple and compound interest
Understand functions of compound interest and calculate compound interest
Know about compounding more than a year
Before beginning this chapter, you should be able to:
Calculate percentage
Understand interest rates and time period
Compute formulae for simple interest
Scientific Crypt
A Tribute to Luca Pacioli (1447 AD to 1517 AD)
Luca Pacioli was born in Tuscany, Italy. His first book – a treatise on arithmetic was published in Venice. This book, ...
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