Simple Interest
Chapter Outline:
This chapter will provide readers with a comprehensive understanding of simple interest, including
1.1 Interest, Principal, Time: This section introduces the basic concept of simple interest and explains how to calculate the interest amount, interest rate, and time.
1.2 Future and Present Values: This section delves into the concept of future value and present value in simple interest and provides formulas for the calculation of those values.
1.3 Compute Equivalent and Dated Values for Specified Focal Dates: This section explores the concept of equivalent or dated values and discusses how to calculate equivalent values for specific dates in the future or past.
