When you put money into a savings account, the bank will use your money, for example by lending it to other people. They will pay you a certain amount for allowing this. The money they pay you is ...

The value of money is not constant. It changes. When borrowed today, it should be paid tomorrow with an extra charge that is known as INTEREST. There are two types of interest – Simple Interest and ...

Profit and Loss Formulas: Many students dread mathematics more than all other subjects. However, maths is an essential science that has many applications in daily life. Many math concepts can make ...