Commercial Mathematics – Grade 10 ICSE

There are few topics covered in this section:

1. Compound Interest
2. Banking, Shares and Dividends

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Compound Interest
Key topics include:
• Compound interest as a repeated Simple Interest computation with a growing Principal
• Use of formula A = P(1+ r/100)n. Finding CI from the relation CI=A–P

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Banking, Shares and Dividends
Key topics include:
• Savings Bank Accounts. Types of accounts. Idea of savings Bank Account, computation of interest for a series of months
• Recurring Deposit Accounts: computation of interest using the formula
• Dividends – Face/Nominal Value, Market Value, Dividend, Rate of Dividend, Premium

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