Some Simple Interest Models
Some Simple Interest Models
Author(s): Tanka MilkovaSubject(s): Social Sciences, Education, School education, Vocational Education, Adult Education, Higher Education , History of Education
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: simple interest; financial calculations; percentages
Summary/Abstract: In this paper some aspects of financial mathematics and in particular some problems for simple interest are examined. As we know, the classical formula for simple interest is based on the assumption for constant initial investment and constant interest rate. The present study is mainly methodological and it examines three additional simple interest models – constant investment and variable interest rate, variable investment and constant interest rate, variable investment and variable interest rate. Some formulas are outlined – they can be used for educational purposes and for solving practical problems.
Journal: Математика и информатика
- Issue Year: 62/2019
- Issue No: 2
- Page Range: 229-236
- Page Count: 8
- Language: English
- Content File-PDF