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Simple Interest and Simple Discount
Objectives

In this chapter you will learn to:

9.1.1   Find simple interest using the simple interest formula
9.1.2   Find the maturity value of a loan
9.1.3   Convert months to a fractional or decimal part of a year
9.1.4   Find the principal, rate, or time using the simple interest formula

9.2.1   Find ordinary and exact time
9.2.2   Find the due date
9.2.3   Find the interest using the ordinary and exact interest rates
9.2.4   Find simple interest using a table

9.3.1   Find the bank discount and proceeds for a simple discount note
9.3.2   Find the bank discount and proceeds for a third-party discount note



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