4GMAT Diagnostic Test Q8 - Problem Solving : Simple and Compound Interest4gmatprep
This one is a simple problem solving question from the topic simple and compound interest. Such easy questions appear as low level difficulty question in the GMAT test. This question tests your ability to recall simple and compound interest formulas and apply them.
Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal amount in a 10% compound interest savings deposit for 3 years. At the end of 3 years, how much more interest did he get from the simple interest deposit?
$31
$60
$39
$29
$390
This ppt is helpful in clearing a basic concepts regarding this topic.
Also if you are preparing for competitive exams go through the MCQ given in this ppt.
Compittitve exams like CTET, PTET, SSC, JEE, etc.
Learning Objectives
After studying this chapter, you should be able to:
[1] Indicate the benefits of budgeting.
[2] Distinguish between simple and compound interest.
[2] Identify the variables fundamental to solving present value problems.
[3] Solve for present value of a single amount.
[4] Solve for present value of an annuity.
[5] Compute the present value of notes and bonds.
4GMAT Diagnostic Test Q8 - Problem Solving : Simple and Compound Interest4gmatprep
This one is a simple problem solving question from the topic simple and compound interest. Such easy questions appear as low level difficulty question in the GMAT test. This question tests your ability to recall simple and compound interest formulas and apply them.
Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal amount in a 10% compound interest savings deposit for 3 years. At the end of 3 years, how much more interest did he get from the simple interest deposit?
$31
$60
$39
$29
$390
This ppt is helpful in clearing a basic concepts regarding this topic.
Also if you are preparing for competitive exams go through the MCQ given in this ppt.
Compittitve exams like CTET, PTET, SSC, JEE, etc.
Learning Objectives
After studying this chapter, you should be able to:
[1] Indicate the benefits of budgeting.
[2] Distinguish between simple and compound interest.
[2] Identify the variables fundamental to solving present value problems.
[3] Solve for present value of a single amount.
[4] Solve for present value of an annuity.
[5] Compute the present value of notes and bonds.
Engineering Economy:
Simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. It varies directly with time.
F = P + I = P + Prt
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Normal Labour/ Stages of Labour/ Mechanism of Labour
Lesson 3 simple interest
1.
2. INTEREST
Interest is the fixed amount paid on
borrowed money. The sum lent is called the
Principal.
Interest is of two kinds: (i) Simple interest
(ii) Compound interest
Simple interest: When interest is calculated
on the original principal for any length of
time, it is called simple interest.
3. ANNUAL SIMPLE INTEREST
Is = Prt
where
Is = simple interest
P = principal or the
amount
invested or
borrowed
r = simple interest
rate
t = term or time in
years
Example 1:
A bank offers 0.25% annual simple interest
rate for a particular deposit. How much
interest will be earned if 1 million pesos is
deposited in this savings account for 1
year?
Given: P = P 1,000,000.00 r = 0.25% =
0.0025 t = 1 year
Find: Is
Solution: Is = Prt
Is = (P 1,000,000.00)(0.0025)(1)
Is = P 2,500.00
4. Example 2:
How much interest is charged when P 50,000.00 is borrowed for 9
months at an annual interest rate of 10%?
Given: P = P 50,000.00 r = 10% = 0.10 t = 9 months = 9/12 =
Find: Is
Solution: Is = Prt
Is = (P 50,000.00)(0.10)(0.75)
Is = P 3,750.00
5. Maturity (Future) Value
F = P + Is equation 1 -------- substituting Is = Prt
where F = P + Is
F = maturity (future) value F = P +
Is = simple interest F = P(1 + rt)
equation 2
P = principal or the amount
invested or borrowed
r = simple interest rate
t = term or time in years
6. Example 3:
Find the maturity value if 1 million pesos is deposited in a bank at
annual simple rate of 0.25% after 5 years?
Given: P = P 1,000,000.00 r = 0.25% = 0.0025
Find: maturity or future value (F) after 5 years
Solutions:
using equation 1: using equation 2 :
F = P + Is F = P (1 + rt)
F = (P 1,0000,000.00 + (P 1,000,000.00)(0.0025)(5) F = (P
1,000,000.00)(1 + (.0025)(5)
F = P 1,000,000.00 + P 12,500.00 F = (P
1,000,000.00)(1.0125)
F = P 1,012,500.00 F = P 1,012,500.00
7. Activity 1
Principal (P) Rate (r) Time (t) Interest (Is)
P 2,000.00 5% 3 years (1)
(2) 12% 5 years P 20,000.00
P 88,000.00 (3) 10 months P 8,000.00
P 500,000.00 9.5% (4) P 285,000.00
P
1,000,000.00
0.5% 8 months (5)
Complete the table below.
Use short bond paper (encoded or
handwritten)
Support your answers with
solutions.
8. Activity 2
Complete the table below.
Use short bond paper (encoded or
handwritten)
Support your answers with
solutions.
Present
Value (P)
Rate (r) Time (t) Interest
(Is)
Maturity
Value (F)
P 8% 6 years (1) (2)
P (3) 1 month (4) P
(5) 12% 5 years
3 months
P
400,000.0
9. Assignment 1
VALUING
Fatima borrowed money from your mother amounting to P
1,000.00 with an interest of 10%. Fatima is the best friend
of your mother.
What is your stand about this?
