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    Finance Notes

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    Zariah Gt
    This document outlines three methods for calculating interest: simple interest using the formula I=PxRxT, maturity value which is the principal plus interest calculated as MV=P+I, and two exact interest methods - one dividing the rate x time by 365 and one dividing by 360.

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    Finance Notes

    Uploaded by

    Zariah Gt
    25 views1 page
    This document outlines three methods for calculating interest: simple interest using the formula I=PxRxT, maturity value which is the principal plus interest calculated as MV=P+I, and two exact interest methods - one dividing the rate x time by 365 and one dividing by 360.

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    This document outlines three methods for calculating interest: simple interest using the formula I=PxRxT, maturity value which is the principal plus interest calculated as MV=P+I, and two exact interest methods - one dividing the rate x time by 365 and one dividing by 360.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    25 views1 page

    Finance Notes

    Uploaded by

    Zariah Gt
    This document outlines three methods for calculating interest: simple interest using the formula I=PxRxT, maturity value which is the principal plus interest calculated as MV=P+I, and two exact interest methods - one dividing the rate x time by 365 and one dividing by 360.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    SIMPLE INTEREST

    I = Principal x Rate x Time

    MATURITY VALUE

    MV = Principal + Interest

    EXACT INTEREST METHOD

    I = Principal x Rate x Time /365

    ORDINARY INTEREST METHOD

    I = Principal x Rate x Time /360

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