A sample lecture on LCCI Level 2 Business Calculations on the topic of (Simple & Compounding Interest) conducted by Subject Specialist, Mr Jonathan Ang. Wish to find out more about LCCI Qualification? Contact us.
In this session, Mr Jonathan looked at the concepts of simple and compound interest, providing formulas and examples for better understanding. It highlights the difference between the two, emphasizing the compounding effect over time. The discussion also includes how to calculate effective interest rates, analyze loan repayment schedules, and fill in missing values in investment tables using these formulas. It concludes with a look at exam preparation and the importance of practice.
