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  • Equivalent Rates: Reported By: Orpia, Abigail A. Panelo, Glenda S. BSA 2-20N

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    Abigail Angeles Orpia
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    This document summarizes three cases for determining equivalent interest rates. Case 1 shows how to calculate an unknown compound interest rate given a known compound rate and their conversion periods. Case 2 demonstrates finding an unknown compound rate from a known simple rate. Case 3 outlines deriving an unknown simple rate when a compound rate is provided, along with the periodic interest, whole term, and time.

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    Equivalent Rates

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    Equivalent Rates

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    This document summarizes three cases for determining equivalent interest rates. Case 1 shows how to calculate an unknown compound interest rate given a known compound rate and their conversion periods. Case 2 demonstrates finding an unknown compound rate from a known simple rate. Case 3 outlines deriving an unknown simple rate when a compound rate is provided, along with the periodic interest, whole term, and time.

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    22 views3 pages

    Equivalent Rates: Reported By: Orpia, Abigail A. Panelo, Glenda S. BSA 2-20N

    Uploaded by

    Abigail Angeles Orpia
    This document summarizes three cases for determining equivalent interest rates. Case 1 shows how to calculate an unknown compound interest rate given a known compound rate and their conversion periods. Case 2 demonstrates finding an unknown compound rate from a known simple rate. Case 3 outlines deriving an unknown simple rate when a compound rate is provided, along with the periodic interest, whole term, and time.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Equivalent Rates

    Reported by: Orpia, Abigail A. Panelo, Glenda S. BSA 2-20N Submitted to: Professor Lara Rolan

    Equivalent Rates

    Case 1: to determine the unknown equivalent compound interest rate with a given compound interest rate.

    Where: eq- is the unknown compound interest me- is the conversion period of the unknown compound interest G- is the given compound interest rate m- is the conversion period of the given compound interest

    Case 2: to determine the unknown compound interest rate with the given simple interest rate.

    Where: rc is the unknown compound interest m- is the conversion period of the given simple interest rs- is the given simple interest rate t- time n- is the whole term

    Case 3: to determine the unknown simple interest rate with a given compound interest rate.

    Where: rs is the unknown simple interest i is the periodic interest n- is the whole term t- time

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