Whole Numbers 7
Mathematics J.S.S 3 First Term
Theme: Number and Numeration
Sub Theme: Whole Number
WEEK 7
Whole Numbers 7
Performance Objectives
Students should be able to;
- Solve Simple interest
- Solve compound interest
- Solve Problems on compound interest
Compound Interest
Content
Interest
Interestis the payment given for saving money. It can also be the price paid for borrowing money.
Simple Interest
When interest is calculated on the basic sum of money saved (or borrowed) it called simpleinterest.
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