August 2004
Intermediate to advanced
656 pages
15h 28m
English
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Simple Interest
So far, I've explained interest using the logic of “simple interest.” Although simple interest usually isn't available in practice, it's much easier to understand than what is usually available. I describe simple interest because it's a convenient starting point for explaining compound interest, which is discussed below. Compound interest is the one most commonly found in practice.
Under simple interest, the entire interest payment is due at the end of the loan. The interest owed can be calculated by multiplying the amount borrowed (P) times the interest rate (i) times the number of interest periods the money is being borrowed for (n).
I = P*i * n
As an example, suppose that Company A needs to borrow $10k for 3 years. They find ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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.