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Finance explanation
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this has is helpful presentation on the do and donts of finance with examples.
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FINANCE(INTERESTS)Maths Lit G11
, OVERVIE
• understand the difference between simple and compound interest
• perform simple and compound interest calculations manually and
without the use of formula
• make sense of graphs drawn to represent simple and compound inte
scenarios.
• YOU are going to learn that there are two types interests, namely,
COMPOUND interest and SIMPLE interest.
, INTRODUCTIO
• If we look at the literal meaning of COMPOUND, its something that’s b
upon another. Now it would make sense in this context that its
interest upon interest.
• Then we have simple interest. This makes sense, because the interes
not as complex as the COMPOUND. IT IS SIMPLE. Now it would make
sense in this context that, this is not interest upon interest.
• The bolded statements will come in handy as they are a basic and sim
explanation of the calculations, in the slide 5.
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