Applied Mathematics · Ch 11 — Basics of Financial Mathematics

Concept Map

This concept map shows how the chapter fits together. Financial mathematics at this level covers interest (simple, compound and the effective rate), the time value of money through present and future value (including net present value), annuities (valuing a regular annuity and its applications), the calculation of tax, and reading bills and tariffs such as electricity bills.

Figure 11.0Concept map of the Basics of Financial Mathematics chapter, covering interest (simple, compound, effective rate), present and future value with NPV, annuities, tax, and bills and tariffs

Fig. 11.0 — Concept map of the Basics of Financial Mathematics chapter, covering interest (simple, compound, effective rate), present and future value with NPV, annuities, tax, and bills and tariffs

Drawn by us to help you understand the concept clearly, and verified to make sure it's accurate. For exams, practice from your NCERT textbook's own diagram.

Concept map of the chapter.

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