Purchase Solution

Explain Simple Interest with formulae and examples.

Not what you're looking for?

Ask Custom Question

Explain simple interest with derivation of relevant formulae and a sample calculation.

Purchase this Solution
Solution Summary

Simple interest is explained with derivation of relevant formulae and a sample calculation. The solution is detailed and well presented.

Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Lean your Process

This quiz will help you understand the basic concepts of Lean.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Basics of corporate finance

These questions will test you on your knowledge of finance.

View More Free Quizzes
Related BrainMass Solutions

  • Time value of money examples and explanations

    One can earn two types of interest: 1) Simple rate of interest Formulae for simple rate of interest is: Interest= Principle*time*rate of interest 2) Compound rate of interest Here the Amount= Principle*(1+rate of interest) ^duration Example:

  • Accounting:horizontal analysis of balance sheet.

    After creating the spreadsheet with the three examples above, write a memo that addresses the following points for Joe's questions and his files: Explain what a trade discount is and why would Joe offer these.

  • Money, supply, nominal interest are assessed.

    The calculations are fairly simple, you can see the formulae from the excel table. I will explain why such calculations are appropriate. 1.

  • Time Value of Money Application

    Compound interest is critical to investment growth. With simple interest, interest is paid just on the principal. With compound interest, the return that you receive on your initial investment is automatically reinvested.

  • Cauchy's integral formula and residue theorem

    If is analytic in some simply connected domain D containing and if is any point inside , then (2) Cauchy's Residue Theorem (no need to prove): is a simple closed positively oriented contour and is analytic inside and on except

  • Global Strategy: Preparing for Cultural Challenges

    Give examples of cultural problems Formulae may face if it overlooks important local or regional differences. One example of corporate culture is how you deal with the idea of change.

  • Valuing Options and investigating the properties of the Black Scholes model.

    The answer must be in the form of an Excel spreadsheet, with a supporting explanation to explain the working in the spreadsheet. The spreadsheet needs to show how the formulae work.

  • Finance Questions

    What is the difference between simple and compound interest? 9. What is the difference between simple and compound interest? 10.

  • Algebra Help

    You may remember that there is a simple algebraic formulae that says that (x + y)^2 = (x^2 +y^2 + 2xy). This formula has been used in the simplification of this formulae.

View More Related Solutions