By the end of the lesson the learner can calculate profit, loss, discount and commission.
By the end of the lesson the learner can compute simple and compound interest.
By the end of the lesson the learner can work out hire purchase, appreciation and depreciation in Kenyan shillings.
Transcript
[0:00] When a trader sells for more than the buying price, the difference is profit; when less, it is a loss.
[0:45] Percentage profit or loss is always worked out on the cost price, then multiplied by one hundred.
[1:30] Simple interest is the same amount each year, while compound interest is calculated on the growing balance.
[2:15] Hire purchase lets you pay a deposit and then instalments, so the total paid is more than the cash price.
[3:00] Appreciation means a thing gains value over time; depreciation means it loses value, like a boda boda after years of use.
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