Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
My Basket
Adventure Tourism in Rural Areas Opportunities and Challenges.£6.25
difference between accounting and finance£2.50
case study of AIG £0.50
Data Structure Lab, SE Computer Engineering 2nd year£5.00
Macroeconomic Policy£3.75
Accounting For Government Grants£1.60
Lesson Plan 6 AFL£1.50
papers computer system practicum£6.25
DIFFERENTIATION EXAM LECTURE NOTES 101£2.00
MATERIAL CODIFICATION - material management£2.50
Business mathematics - index numbers£2.50
Digital Circuits - Decoders£12.50
Lesson Plan 1 Cricket£1.50
ABOUT LINKED LIST£0.50
Business mathematics - time value of money£2.50
CRO£0.50
Interval Estimation & Hypothesis testing£18.75
AAT Level 4 Personal Tax Study Notes £3.75
Total£74.35
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
S11MATH: Basic Business Mathematics
Actual and
appropriate
time
S11MATH: Basic Business Mathematics
Definition of Terms
Actual Time – is obtained by counting the exact
number of days in a given month
...
Example 1:
Determine the actual and the approximate time given
the inclusive dates below
a) Jan 4, 2014 to September 12, 2014
b) December 17, 2016 to May 28, 2017
S11MATH: Basic Business Mathematics
List of Formulae:
Ordinary Interest using actual time (Banker's Rule):
actual time
I
O ( act )
Pr
360
Ordinary Interest using approximate time:
approximate time
I
Pr
O ( app )
360
S11MATH: Basic Business Mathematics
List of Formulae:
Exact Interest using actual time:
actual time
I E( act ) Pr
365
Exact Interest using approximate time:
approximate time
I E( app ) Pr
365
S11MATH: Basic Business Mathematics
Example 2:
On February 20, 2015, Jose made a loan in the bank
amounting to ₱1,000,000 at 4
...
He
assure that he will pay on July 14, 2015, how much
interest would he pay?
Example 3:
Lorenzo borrowed ₱50,000 on August 26, 2012 and
paid the loan in full on December 25, 2012 with 11%
interest