Title Day 23 EECON1 Kippap.pdf ✅

Don’t focus on how you’ll fail; focus on how you’ll win. Interest: is the payment from a debtor at a particular rate Simple Interest: calculated proportionately from the principal value over time I = Pin P: principal value I: interest value i: interest rate n: time
Don’t focus on how you’ll fail; focus on how you’ll win. Simple Interest Ordinary Simple Interest Based on a 360-day year (30 days per month) Exact Simple Interest Based on exact number of calendar days