E-Math - Math in Practical Situations - Compound Interest

E-Math - Math in Practical Situation - Compound Interest

Topic: Math in Practical Situations

The difference between simple and compound interest is that in simple

interest the principle is fixed, interest earn each term will also be fixed.

In compound interest, the interest earn each term in added to the principal,

the new principal = the previous principal + interest, thus the interest will 

increase each term, much like a snowball rolling down a slope, the 

principal gets bigger and bigger.

Additional Math (A-Maths) and Math (E-Math) Tutor in Woodlands, Chua Chu Kang,

Sembawang, Bukit Panjang, Yishun and Johor Bahru.

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About Unknown

I created this Blog after my students told me that there is very little information about how to solve GCE O Level Math and Additional Math (A-Math) questions on the internet. Even if they manage to find, the solution were for very basic questions. I am a Full-time Math Tutor in Singapore. I tutor mainly in Northern Singapore (Woodlands, Chua Chu Kang, Bukit Panjang, Yishun and Sembawang). I also tutor in Johor Bahru.