Eric Nicholas K's answer to Skr's Secondary 3 E Maths Singapore question.
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Look out for these things:
Type of interest: Simple or compound?
Frequency of compounding: Yearly? Half-yearly? Quarterly? Monthly? etc.
Number of years, which we must change to the number of compounding periods
Interest rate per annum, which we must express as interest rate per compounding period.
Type of interest: Simple or compound?
Frequency of compounding: Yearly? Half-yearly? Quarterly? Monthly? etc.
Number of years, which we must change to the number of compounding periods
Interest rate per annum, which we must express as interest rate per compounding period.
Date Posted:
5 years ago
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