WebAnswer Text: COMMERCIAL ARITHMETIC II Simple interest Interest is the money charged for the use of borrowed money for a specific period of time. If money is borrowed or deposited it earns interest, Principle is the sum of money borrowed or deposited P, Rate is the ratio of interest earned in a given period of time to the principle. Webthe first discount from the marked price and so on. Simple Interest. cu. u0019)*. do. • Simple Interest (S.I) = = PNi, where P is the Principal, N is the Period. u0005u0006u0006. *. in years and R% is the rate of interest for 1 year. u001a u0003 u0004 u0005u0006u0006 = …
COMMERCIAL ARITHMETIC 2. COMPOUND INTEREST. - YouTube
Web49.0 COMMERCIAL ARITHMETIC (2) (22 Lessons) 49.1.0 Specific Objectives. 49.2.1 Principal rate and time . 49.2.2 Simple interest. 49.2.3 Compound interest using step by … WebDec 26, 2024 · Learn about profit and loss percentage, commission, installments buying and discount buffy fry photogher
COMMERCIAL ARITHMETIC 2 QUESTIONS .PDF ECOLEBOOKS …
WebFeb 10, 2024 · Calculate the size of: ∠ABD. ∠ CBD; A customer deposited Ksh.15,500 in a savings account. Find the accumulated amount after 3½ years if interest was paid at 16% per annum compounded semi-annually; … WebCOMMERCIAL ARITHMETIC II Example 1: The table below shows the rate at which income tax is charged. Taxable Income K£ per annum Rate Ksh.per K£ 1 – 3900 2 3901 – 7800 3 7801 – 11700 4 11701 – 15600 5 15601 - 19500 7 Mr. Kamau earns a basic salary of Ksh.18,440p.m. He is HOUSED by the employer and is entitled to a family relief of … WebJan 31, 2024 · Commercial arithmetic Questions. 1. Jane is a sales executive earning a salary of Ksh. 20,000 and a commission of 8% for the sales in excess of Ksh 100,000. If in January 2010 she earned a total of Ksh.48, 000 in salaries and commissions. Determine the amount of sales she made in that month (4 mks) crookston mn wea