E-Math - Math in Practical Situations - Compound Interest (2)

E-Math - Math in Practical Situation - Compound Interest (2)

Topic: Math in Practical Situations

The difficulty with this compound interest question is that after 

each term the New Principal = Previous Principal + Interest - Payment.

It is not possible to use the compound interest to solve this problem

as the formula as the Principal keeps on changing after each term.

To solve this math problem,you need to calculate term by term.

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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.