Introduction to Simple Interest & Bank Discount

Course Description:

Ready to master the fundamentals of finance? Dive into our comprehensive course, “Introduction to Simple Interest & Bank Discount.” Gain expertise in calculating simple interest and bank discount rates, essential skills for anyone in the finance or banking sectors. With practical applications across various industries, this course equips you with the tools you need to succeed. Simple Interest is an easy method of calculating the interest for a loan/principal amount. The bank discount rate refers to the interest rate an investor will receive for investing in short-term money market instruments such as Treasury bills and commercial paper. Simple interest & Bank Discount is a concept that is used in many sectors such as banking, finance, automobile and so on. This course emphasizes the calculation of Simple interest & Future Value, Bank Discount & Effective Interest Rate etc. The basic knowledge of Mathematics is the prerequisite of this course. Whether you’re a beginner or looking to refresh your knowledge, our expert-led curriculum ensures you’ll emerge with confidence. Enroll today and take the first step towards financial mastery!

Introduction to Simple Interest & Bank Discount Course Objectives

Master calculation of simple interest and bank discount rates.
Understand the application of simple interest and bank discount in finance and banking sectors.
Learn to compute future values of principal amounts over time.
Gain proficiency in determining bank discount proceeds and maturity values.
Grasp the relationship between bank discount rates and interest rates.

Introduction to Simple Interest & Bank Discount Course Outcomes:

After studying this course, participants should be able to:
Calculate the Capital or Principal, Interest earned, Time and Interest rate.
Calculate the Future Value of a Principal over a period of time.
Calculate the Proceed & Maturity Value of Bank discount.
Calculate the relationship between Bank discount rate & Interest rate.

Recommended Core Text: Mathematics with Applications in Management and Economics by Gordon D. Prichett and John C. Saber (7th Edition)

What More to Expect?

8 complete lessons within 1 hour of time
Quizzes to assess learning from the course
Option to discuss problems on the lessons through the course forum
Certificate of achievement issued with the affiliation of HRDI and Skill Jobs

GoEdu Learner’s Manual

Course Forum