Promissory notes, how and when they are used, methods for determining the due date, face vale and rate, are the subject.
What is the difference between simple and compound interest? Also, illustrated how and when compound interest is used as well as introduce the basics of savings accounts and time deposit accounts.
An introduction to simple algebra with emphasis placed on reading formulas correctly, manipulating formulas, ratios and proportions, and using standard formulas to solve word problems.
The basics of interest, formulas for and a discussion of how concepts of principal, rate and time interrelate.