Praxis Learn^™by Praxis Learning Solutions

Compound interest

Name: Compound interest
SKU: PL-MCB-NUM-32
Price: 295 ZAR
Availability: InStock

R295

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In 30 minutes you will work out the compound amount and interest with the power key, rounding to the cent only at the end. You will also compare compound and simple interest on the same principal, rate and term. And you will choose between deposits and loans by how their interest is added, not only by the headline rate.

SKU: PL-MCB-NUM-32

Category: Micro courses

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Description

Who it’s for: Anyone in business who works with prices, costs, budgets or reports and wants to be sure the numbers are right.

What happens in it: a short film shows two banks at the same 8%, one paying almost R5 000 more, and the power that explains it. In Your call you make the decisions in a real case: a fit-out fund, a deposit that falls short, and a tempting higher rate. Then, in the boardroom, you make the case to Nkosinathi, the regional head, in three questions.

How it works: five scenes in about 30 minutes: the data film, the lesson, Your call, practice with fresh numbers that mark themselves, and the boardroom. Finish all five for your certificate. It is course 2 of 5 in the Money over time season of the Numbers for Business series.