Math Tutoring on Finance
In Math Tutoring, Interest represents a change in money. If you have a saving account, the interest will increase your balance based upon the interest rate paid by the bank. If you have a loan, the interest will increase the amount you owe based upon the interest rate charged by the bank.
Simple Interest Formula:
Compounded Interest Formula
If a principal ‘P’ is invested at interest rate ‘i’, expressed as a decimal and compounded ‘n’ times a year, in ‘t’ years it will grow to an amount ‘A’ is given by:
Learn ‘Finance’ with AffordEdu.
Interested in free assessment? Build your personalized study plan with AffordEdu through knowledge map and go for free assessment and free tuition session with math expert. *
1. What is an Interest?
2. What is Simple Interest? Deduce the Simple Interest formula.
3. What is Compounded Interest? Deduce the Compound Interest formula
Learn ‘Finance’ with AffordEdu Online One on One Math Tutoring.
Struggling with Finance? Need math help for homework? You are not the only one. Fortunately our expert tutors in math tutoring are online now and are ready to help.