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Simple Interest - Pre Calculus - Lecture Handout, Exercises of Calculus

National Institute of Industrial EngineeringCalculus

It is the Lecture Handout of Pre Calculus which includes Finding Polynomial, Hand Notes, Distinguishing Relation, Power Function etc. Key important points are: Simple Interest, Hand Notes, Graphic Representation, Interest Rate, Principal

Typology: Exercises

2012/2013

Uploaded on 02/06/2013

padmal
padmal 🇮🇳

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Download Simple Interest - Pre Calculus - Lecture Handout and more Exercises Calculus in PDF only on Docsity!

1/4 SECTION 4.6: COMPOUND INTEREST SIMPLE INTEREST: WHERE | = INTEREST MADE P = PRINCIPAL (AMT BORROWED/ INVESTED R = INTEREST RATE (DECIMAL FORM) T = TIME IN YEARS DRAWBACKS: 1. CAN ONLY MAKE INTEREST ON THE ORIGINAL INVESTMENT 2. INTEREST COMPUTED ONLY ONE TIME DURING INVESTMENT t COMPOUND INTEREST: A=P{+E)" WHERE A= AMOUNT PRESENTLY IN ACCOUNT P = PRINCIPAL (av. 6¢ brary ow ed) R = INTEREST RATE (de ermal) N = NUMBER OF COMPOUNDING PERIODS (TIMES INTEREST COMPUTED PER YEAR) T = TIME IN YEARS ADVANTAGES: 1. SINCE INTEREST COMPUTED MORE FREQUENTLY, CAN GROW FASTER 2. CAN MAKE INTEREST ON INTEREST