Introduction to Business Math This link is concerned with interest, interest rates and their effect on the value of money. Companies pay millions of… Click here to read more

Concept of Simple Interest When interest is calculated for every period only on the principal, then the total amount of interest gained on all… Click here to read more

Examples of Simple Interest Example 1: Find the simple interest on Rs. 3000 at a 7% rate of interest for one year. Solution: Let… Click here to read more

More Examples of Simple Interest To find the principal when interest, time, and rate are given: Example 01: What amount was borrowed, for which the… Click here to read more

Concept of Compound Interest When interest is calculated for every period on the total previous amount, then the total amount of interest gained on… Click here to read more

Examples of Compound Interest Example 01: Find the compound amount and compound interest on the principal Rs.20,000 borrowed at 6% compounded annually for 3… Click here to read more

More Examples of Compound Interest To find the principal We are given n, A, and r We have to find P by the formula $${\text{A}}… Click here to read more