271 Downloads

Cost of Financing Purchases - 1

Cost of Financing Purchases - 1
Cost of Financing Purchases - 1
Cost of Financing Purchases - 1
Cost of Financing Purchases - 1
Grade Levels
Resource Type
Product Rating
File Type

PDF (Acrobat) Document File

Be sure that you have an application to open this file type before downloading and/or purchasing.

187 KB|24 pages
Share
Product Description
It is not possible for everyone to buy medium to high priced items required for essentials or comforts of day-to-day life by outright purchase. Hence, it is necessary to understand the concepts of meeting such financial requirements by way of loans from banks or shops and pay the costs in easy instalments.

Let us say, if an item costs $ 5000 and you had only $ 1000 with you in cash then what would be the amount you have to pay over a period of time so that you can take the item home and start using it immediately. We normally hear of EMIs i.e. Equated Monthly Instalments.
This lecture gives an insight into the way the system of financing through loan works. For ease of understanding, the lecture is made out in two parts. First part is based on Simple Interest and the second part (to be published shortly) is based on Compound Interest.

Real life situations have been cited as examples for easy comprehension and at the end of the lecture unsolved problems have been given for better learning through self study. It is useful as part of Math, Word Problems, Applied Math activity.
Total Pages
24 pages
Answer Key
Included
Teaching Duration
N/A
Report this Resource
Loading...
FREE
Digital Download
More products from Umashanker Agram
Product Thumbnail
$0.00
Product Thumbnail
$0.00
Product Thumbnail
$0.00
Product Thumbnail
$0.00
Product Thumbnail
$0.00
FREE
Digital Download
Teachers Pay Teachers

Teachers Pay Teachers is an online marketplace where teachers buy and sell original educational materials.

Learn More

Keep in Touch!

Sign up