TAILIEUCHUNG - Lecture Practical business math procedures (11/e) - Chapter 10: Simple interest

Lecture Practical business math procedures (11/e) - Chapter 10: Simple interest. The main contents of the dissertation consist of three main parts: Calculation of simple interest and maturity value, finding unknown in simple interest formula, . rule -- making partial note payments before due date. | Chapter Ten Simple Interest Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Learning unit objectives LU 10-1: Calculation of Simple Interest and Maturity Value List the steps to complete the . Rule. Complete the proper interest credits under the . Rule. LU 10-3: . Rule -- Making Partial Note Payments before Due Date LU 10-2: Finding Unknown in Simple Interest Formula Using the interest formula, calculate the unknown when the other two (principal, rate, or time) are given. Calculate simple interest and maturity value for months and years. Calculate simple interest and maturity value by (a) exact interest and (b) ordinary interest. 2 Maturity Value Maturity Value (MV) = Principal (P) + Interest (I) The amount of the loan (face value) Cost of borrowing money 3 Simple Interest Formula Simple Interest (I) = Principal (P) x Rate (R) x Time (T) Stated as a Percent Stated in Years Example: Jan Carley borrowed $30,000 for office .

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• Practical business math procedures
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• Simple interest formula
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• Frequency distributions
• Measures of dispersion
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