Business Mathematics
MAT 112
Mathematical Applications
in Banking and Finance
, 2 CONTENTS
2.3 Compound Interest 2.1 Simple Interest
2.2 Bank Discount
2.4 Annuity & Promissory Notes
We are here
,2.2 BANK DISCOUNT &
PROMISSORY NOTES
, 4
LEARNING OUTCOMES
By the end of this subtopic, student should be able to:
1) Explain the meaning of promissory note.
2) Compute the face and maturity values of the promissory notes.
MAT 112
Mathematical Applications
in Banking and Finance
, 2 CONTENTS
2.3 Compound Interest 2.1 Simple Interest
2.2 Bank Discount
2.4 Annuity & Promissory Notes
We are here
,2.2 BANK DISCOUNT &
PROMISSORY NOTES
, 4
LEARNING OUTCOMES
By the end of this subtopic, student should be able to:
1) Explain the meaning of promissory note.
2) Compute the face and maturity values of the promissory notes.
