FlashcardsNotes & discounting · Chapter 17
Notes & discounting · Key concepts
Understand promissory notes, bank discounts, proceeds, and effective rates.
Business Mathematics
The Slater collection · Chapters 16, 17 & 19
YOUR LEARNING PATH
Understand the rate. Then solve the problem.
Simple interest, bank discounts, and compound growth use different starting amounts. Learn when each formula applies, then check your understanding with the linked practice sets.
- Simple interest · Chapter 16
Interest grows from the original principal. Match the time unit to the annual rate.
- Notes & discounting · Chapter 17
A bank discount is deducted from the maturity value before the borrower receives the proceeds.
- Compound interest · Chapter 19
Each period earns interest on the accumulated balance. The rate and number of periods must agree.
Explore this subject
ReviewerSimple interest · Chapter 16
Simple interest · Reviewer
Make sense of principal, rates, maturity value, and the U.S. Rule.
Practice examSimple interest · Chapter 16
Simple interest · Mock exam
Make sense of principal, rates, maturity value, and the U.S. Rule. 120 multiple-choice questions: 40 concepts and 80 calculations, with complete…
ReviewerCompound interest · Chapter 19
Compound interest · Reviewer
Build confidence in compound growth, APY, present value, and dated deposits.
ReviewerNotes & discounting · Chapter 17
Notes & discounting · Reviewer
Understand promissory notes, bank discounts, proceeds, and effective rates.
Practice examNotes & discounting · Chapter 17
Notes & discounting · Mock exam
Understand promissory notes, bank discounts, proceeds, and effective rates. 120 multiple-choice questions: 40 concepts and 80 calculations, with…
Practice examCompound interest · Chapter 19
Compound interest · Mock exam
Build confidence in compound growth, APY, present value, and dated deposits. 120 multiple-choice questions: 40 concepts and 80 calculations, with…
FlashcardsSimple interest · Chapter 16
Simple interest · Key concepts
Make sense of principal, rates, maturity value, and the U.S. Rule.
FlashcardsCompound interest · Chapter 19
Compound interest · Key concepts
Build confidence in compound growth, APY, present value, and dated deposits.