Simple Interest and Simple Discount

The Business Math credentials document the basic knowledge and skills related to using basic and business mathematical equations to solve business problems. Business professional must be able to accurately and efficiently solve business problems related to pricing and discounts, payroll and payroll taxes, simple and compound interest, consumer credit, the future and present value of money, mortgages, annuities, sinking funds, stocks, bonds, mutual funds, depreciation, inventory, insurance, personal and business taxes, and the components of financial statements and ratios. Specifically, this badge demonstrates the earner's ability to calculate simple and compound interest using terms from promissory notes.