6. What is simple interest
Simple interest is a quick
method of calculating the
interest charge on a loan.
Simple interest is
determined by multiplying
the daily interest rate by the
principal by the number of
days that elapse between
payments.
7. FORMULA OF SIMPLE INTEREST
I=P*R*T
Where:
I=the interest money created in dollars.
P=the “principal” starting amount of money.
R=the interest rate per year
T=the time the money is invested.
or borrowed ,in years
8. APPLICATION OF SIMPLE INTEREST
suppose an investor deposits
$2000.00 into a saving account.the
account pays 7% interest
annually.what is the principle after
the two years?
P=2000.00
R=0.07
T=1+1 Years
I=??
solution
I=P.R.T
I=2000*0.07*2
I=280
9. WHAT IS
SEQUENCE
A function where domain is
the set of positive integers is
called a sequence function.
There are two types of
sequence.
Arithmatic sequence
Geomatric sequence
10. Arithmatic sequence
A sequence is called
arithmatic sequence in
which the difference
between each term and
proceding term always
constant.
The nth term of an
arithmatic sequence is
defined as .........
an=a1+(n-1)d
11. example
2,4,6,8.......is an arithmatic sequence because the
difference between each term is 2.
but here 1,4,9,16,25.... Is not arithmatic sequence
because the difference between each term is not the
same.......
12. Find the 11th term of the
arithmatic sequence with
first term 3 and common
difference -2.
Given:
a1=3
d=2
a11=?
APPLICATION OF ARITHMATIC
SEQUENCE
Solution
a11=a1+(11-1)
=3+10(-2)
=3-20
=-17
14. Simple Interest
Easy for loan payment
Reduce amount in long
term duration loan
Arithmatic Sequence
There is no particular
advantages for arithmatic
sequence
16. Simple Interest
will bring less gaining
against deposit
reduce amount in long
term duration
investment
Arithmatic Sequence
There is no particular
disadvantages for
arithmatic sequence