Simple and Compound Interest real Life examples Simple Interest in Real Life 1. Saving Money in a Bank: Scenario: We deposit $1,000 in a savings account at a bank. The bank offers a 5% annual simple interest rate. Calculation: Principal (P): $1,000 Rate (R): 5% per year Time (T): 3 years Simple Interest (SI) Formula: […]
Read More →Disadvantages of Simple Interest 1. Does Not Consider Compounding: Explanation: Simple interest only calculates interest on the original principal amount, not on the accumulated interest. This means that if we invest money, the interest earned does not earn additional interest, leading to potentially lower returns over time. Example: If we invest $1,000 at a simple […]
Read More →Pictograph Examples with Answers What is a Pictograph? A pictograph (or pictogram) is a way of representing data using images or symbols. Each image or symbol in a pictograph stands for a certain number of items, making it easier to visualize data at a glance. Pictographs are especially useful for young learners as they turn […]
Read More →How to Make a Pictograph A pictograph is a way to represent data visually using symbols, images, or objects. Each symbol or object in a pictograph represents a certain number of items, making it easier to understand and compare data at a glance. Here’s how to make a pictograph in detail, with examples using objects […]
Read More →Explaining Pictographs with Examples A pictograph is a way of representing data using images or symbols. Each image or symbol in a pictograph represents a certain number of items. Pictographs make it easier to understand and visualize data, especially for kids. Example: Favorite Fruits of a Class Imagine a class of 20 students where each […]
Read More →Compound interest – Meaning, Formula and Solved Examples Compound interest is a way of calculating interest where the interest earned over time is added back to the principal, so that the interest in the next period is calculated on the new total (which includes the previously earned interest). This means we earn interest on the […]
Read More →What is Simple and Compound Interest Simple Interest Definition: Simple interest is the interest calculated on the original principal amount for a specific period at a fixed rate of interest. Formula: Simple Interest (SI) = (P × R × T)/100 Where: P = Principal amount (the initial amount of money) R = Rate of interest per annum […]
Read More →Greater then Symbol Meaning, Examples Explaining “Greater Than” Problems with Objects, Symbols, and Examples for Kids Objective: kids understand the concept of “greater than” using everyday objects, symbols, and simple examples. 1. Introduction to the “Greater Than” Symbol (>) Symbol: The “greater than” symbol looks like this: >. Meaning: When comparing two numbers or quantities, […]
Read More →How to Calculate Perimeter Calculating the perimeter of a shape involves adding up the lengths of all its sides. The perimeter is the total distance around the outside of a shape, and it’s an important concept in geometry. Let’s explore how to calculate the perimeter for different shapes in detail. 1. Perimeter of a Rectangle […]
Read More →Real life Perimeter Examples Perimeter is a concept that appears frequently in real life, especially in tasks involving boundaries or borders. Here are several examples of how perimeter is used in everyday situations. 1. Fencing a Yard or Garden Scenario: If we want to build a fence around our yard or garden, we need to […]
Read More →