Hello my dear learners!
Are you familiar with the cliché that says, “Nothing is permanent except change”? A big change happens to all of us. No one expected this, but we have to live with it. Instead of taking it negatively let’s do our part to achieve a positive result.
Have you met the subject matters about interest, loan, savings, finances, expenses, and investment when you were in Junior High or even in Elementary? Have you heard your parents, relatives, classmates, teachers, friends, or even your neighbor talking about these matters? You can actually encounter those not only in school but anywhere you go like your home, market, malls, banks, and other public places.
So here we go to the next module about Math of Investment. I hope you learned the previous module for logical sequence.
This lesson helps you understand thoroughly what is simple and compound
interest. It will let you decide correctly on how and where to save money. Nowadays savings is very important, it is like saying “If seems that if you do not have savings you are out or you don’t belong” and it will then make you analyse whether to save in simple or compound on your favor, as a borrower or an investor.
The module is composed of two lessons namely:
- Lesson 1 – Simple Interest
- Lesson 2 – Compound Interest
After going through this module, you are expected to:
1. illustrate simple and compound interests; and
2. distinguish between simple and compound interests.
Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task.