today i learn business mathematics in chapter 7 title Bank discount.
my lecturer teach my classmate n i the differences between simple interest
with bank discount. bank discount is actually interest charge in advance for short term loan.
bank discount charge more interest for borrowers. eg:
I = Prt
10 = 990r(3/12)
4.04% = r
r is the interest for the borrower have to paid.
2 comments:
keep in touching..
oh.. i understand now..
i want to know and more understand about businessmath, so i can refer with ur blog...
hai..Please don't remove your blog. I need it to show sample to my future students.
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