Applications of Percentage in Banking. Simple and Compound Interest
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Applications of Percentage in Banking. Simple and Compound Interest
In this Math video tutorial on Percentages we look into the field of Applications of Percentage in Banking. Simple and Compound Interest and cover the following points:
How does a bank operate?
What are the key terms used in banking?
What is "interest applied" in banking?
What is the difference between the terms "interest" and "interest rates"?
How many types of interest are there?
How is the simple interest calculated?
How is compound interest calculated?
What is a compound percentage change? How it is applied in banking?
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