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Mathematics
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Mathematics
Savings and Investments - Part 1
Mathematics
Question
Savings and Investments - Part 1
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Definition of savings
Excess money deposited in the safe, money box or drawer
Types of savings
Savings account
Types of savings
Fixed deposit account
Types of savings
Current account
Definition of investment
An alternative step for future returns in the form of current income and capital gains
Types of investments
Shares
Types of investments
Unit trust
Types of investments
Real estate
Definition of simple interest
A reward given to the depositor at a certain rate on the deposit amount (principal) for a certain period of time (in years)
Formula simple interest
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Savings and Investments - Part 1
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