Commercial Mathematics
Author:R K Bansal
9th ICSE
IMPORTANT
Practice Other Chapters from Commercial Mathematics
Concise Mathematics I.C.S.E - Class IX>Commercial Mathematics>Compound Interest [Without Using Formula]
This chapter deals with simple and compound interest. It helps us understand the difference and relation between SI and CI. We also learn to find the compound interest as a repeated simple interest computation with a growing principal.
This chapter teaches us to find compound interest using the formula when the interest is compounded yearly or half-yearly. We will also learn to solve problems based on growth, inflation, and depreciation.
