ARITHMETIC of FINANCE
Mathematics SSS 3 First Term
WEEK 3
ARITHMETIC of FINANCE
Performance Objectives
Student should be able to:
- Calculate simple and compound interest.
- Define and compute depreciation.
- Define and compute annuity.
Content
Simple interest and Compound interest
Interest is paid on either money paid or borrowed. The principal is the initial amount of money deposited or borrowed.
When an interest is calculated and added to the principal at the end of an agreed time interval e.g. 3 months, 6 months, 1 year etc. Is called simple interest (
or 
). This is given by the formula
Where
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Subject Scheme & Timeline:
- MATRICES
- MATRICES II
- ARITHMETIC of FINANCE
- ARITHMETIC OF FINANCE 2
- APPLICATION OF LINEAR AND QUADRATIC EQUATION
- TRIGONOMETRY (GRAPHS OF TRIGONOMETRICAL FUNCTIONS)
- Mathematics SSS3 First Term Mid Term Assessment
- SURFACE AREA AND VOLUME OF SPHERE
- THE EARTH AS A SPHERE
- CO-ORDINATE GEOMETERY 1
- CO-ORDINATE GEOMETERY 2
- DIFFERENTATION
- DIFFERENTIATION II – APPLICATION OF DIFFERENATION
- Mathematics SSS3 First Term Final Assessment
- MATRICES I
- Chapters 15
- Category SSS3
- Author ClassNotes Edu
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