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simple interest – is a quick and easy method of calculating the interest charge on a loan.
Formula : SI = Prt
Other formula:
P = SI/rt
R= SI/Pt
T = SI/Pr
A= P + SI
The word logarithm was coined by John Napier , a Scottish mathematician, from two Greek words logos which means ratio,
and arithmos which means number. Logarithm which was invented by Napier during the advent of the Industrial Revolution, is
a great labor saving device.
22 = 4 log2 4 = 2
251/2 = 5 log25 5 = ½
4x = 16 log4 16 = x
logn 256 = 8
n8 = 256
n8 = 28
n=2
Compound Interest is similar to simple interest , only that the interest charged or earn is being rolled over and reinvested with
the principal amount.