2.1 Introduction to simple interest.
● Simple interest formula.
● Simple amount formula.
2.2 Term/period/duration
● Exact time and approximate time.
● Ordinary simple interest and exact simple interest.
● Banker’s Rule.
2.3 Finding I, S, P, r, and t.
2.4 Miscellaneous situations
● Case where withdrawal after certain period.
● Case where addition after certain period.
● Case where different interest rate after certain period.
2.5 Introduction to bank discount.
● Bank discount formula.
● Proceeds formula.
● Finding D, H, S, and d.
📚 SIMPLE INTEREST - Years and Months
📚 SIMPLE INTEREST - Days (Time Concepts)
📚 BANK DISCOUNT