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Appetizers and Lessons for Mathematics and Reason
  online logic chapters  - the best starting point for further site exploration.  Bon Appetite.

10 Interest & Units
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Why Slopes
and
More Math
Volume 3

Vol 2, Three Skills for Algebra covers many  topics in algebra and logic that students starting calculus should have mastered or will have to master. Also includes arithmetic review problems to catch common mistakes.  A fourth skill  gives a unifying theme for high school maths.

Content Guide
Foreword
Chapter Descriptions
1. Introduction
Calculus Appetizer (1983)
2. Second Preview Begins
2 Skier in Motion (V)
2 The Skier (V)
2. Position Dependent (V)
3 Slope & Extrema (V)
4 Single Factor Analysis (V)
4 Two Factor (V)
4 More Factors (V)
4 With Divisors (V)
5 Maxima & Minima Tests
6 Jumps & Discontinuities
8 Review  (optional)
9 On Calculus Studies
11 Slope of Slope
13  Acceleration
14 Limits & Error Control (V)
14 Limit of a Fn.
14. Limited Error Control
14 Signif. Digits
14 Cauchy Limits
14 Sequence Limits
14 Decimal Arith.
15 What is Slope (V)
15 Slope Calculation (V)
15 Slope, a Limit
15 Tangent Lines
15 Linear Approx.,
15 Limits via Algebra (V)
15 Recap.
PS.Chain Rule for Polys
PS Chain Rule- General  (V) -
PS More Chain Rule (V)
PS - Sign Analysis (V)
16 What is Velocity
17  What is Area
18 Integration
18 Area Calculation
18  Fn DefN, 6 Ways
19 Logs & Powers
19 Natural Log.
19 Exponential Fn.
20 What's Next
21 Add Vectors
22 Complex #'s
23 Complex #'s
23 Trig Identity
23 Proofs of.
24 Complex Logs etc

Units in Calculations:
7 Velocity
7 Varying Velocity Example
7. Velocity Calculation
7 Changing Units
7 Same Velocity  Motions
10 Slopes without Units.
10 Units & Slopes
10  Units in Cost vs. Quantity
10  How Units  Appear
10 Unit  Elimination
10 Partial Elimination
10 Interest & Units
12 More on Units

Appendices:

Pigeon Hole Principle
Constant Difference Thm
Continuous Functions
Rational Functions
Mean Value Theorem
One Side Range Theorem
Range On One Side Theorem
Integration & Lipschitz
 Continuity


These appendices continue the
decimal viewpoint of limits, error
control and continuity begun
in Chapter 14. The One Sided
 Range Theorem
is a postscript,
not in printed version.

Interest Rates and Units

  First Example (Interest Rates Without Units). The amount A in a simple interest bank account at t years after a deposit of an amount (principal) P is given by
A = P+Prt
where r is the annual interest rate. The number t of years may be a whole number or a whole number plus a fraction. The interest rate r is given here as a percentage, e.g. 3.5%. The rule 100% = 1 implies that 1% = 0.01 = [1/100].


Now the slope of the above graph is
m
=
DA
Dt
= A2-A1
t2-t1
= (P+Prt2)-(P+Prt1)
t2-t1
=
=
Pr(t2-t1)
t2-t1
= Pr
The units of this slope m = Pr is units A over the those of the quantity, more precisely the number t. Recall t is the number of years. Now if the amount of money A is measured in dollars then the slope will have units [dollars /1].

To devise a second approach, let
T = t year
be a measure of time (with units) and let i = r/
yr = [(r)/yr ]. Then
A = P+Prt = P+P r
year
·(t year) = P+PiT

Second Example (Interest Rate With Units). The amount A in a simple interest bank account at time T since the deposit of the amount (principal) P is also given by
A = P+PiT
where i is the interest rate per year or per annum. The units of i are a percentage per year, that is i = [1%/\yr ]. This yields a graph similar, very similar, to the previous one.


Now the slope
m
=
DA
DT
= A2-A1
T2-T1
= (P+PiT2)-(P+PiT1)
T2-T1
=
=
Pi(T2-T1)
T2-T1
= Pi
The units of this slope m = Pi is units of money over units of time. If time is measured in terms in years and money in dollars, then this slope will have units [\dollars /\year ] or dollars per year.

Third Example (Interest Rate Without Units). With interest compounded annually, an initial deposit P grows to amount A = P(1+i)n after n years where i is the annual or yearly interest rate. The interest rate i is usually given as a percentage. Compute the final amount A in the case where an initial deposit of $100.00 compounds at 4% per year, for 3 years.

In the requested computation, i = 4% = 0.04, P = $100.00 and n = 3. Therefore 

A = P(1+i)n = $100.00(1+4%)3 = ¼.

REMARK.   Daily, weekly, monthly and annual interest rates are given by percentages or pure numbers (the unit free approach). For example, a yearly or annual interest rate of 5% is given by the number 5% = 5 ×[1/100] = [5/100]. Second, interest rates per day, week, month or year refer to a percentage over a period of time. With the latter, for example [5%/year] represents a 5% per year interest.

FOOTNOTE: Some conventions like these are needed for the consistent use of units in computations. Without any such conventions, the use of units in financial computations will depart from the practice in technology and science.
 

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Parents: Help your Child/Teen Learn covers  Speaking Skills, Reading & Writing Preparing for Science Having Patience, etc

Math How-TOs
1. Arithmetic   2. Algebra   3.  More Algebra  4.  Geometry 5 More Geometry 6.  Calculus
>> densely written 
>> use as skill checklists

Online Volumes (orders)
1,  Elements of Reason. 1996
1A. Pattern Based Reason  1995
1B. Math Curriculum Notes 1996
2. Three Skills for Algebra  1995
3 .Why.Slopes.&
.More.Math.1995

Skill & Concept 
Review or  Development 

 1. Decimal Arith - Video Based ]
2   Fractions  
3.  Fractions  with Units  
3. Solving Linear Equations  - 
making alg easier
4. Formulas forwards & Backwards - unifying theme for Algebra
5.  Proportionality, Back- & For-wards - theme at work.
6.  Logic - Math Free, good for precision in  work & studies 
7. Euclidean-Geometry  (leanly)
8. Slopes and Lines 
9. Why Study Slopes - a context 
10.  Quadratics
11  Polynomials
12  Factored Polys - a context
13 Functions - For-& Back -wards
14  Number Theory, Richly
15. Exponents, Radicals & logs.  
16   Calculus - Examples & Advice 
17.   Real  Analysis 
18  Electric Circuits Etc (So So)
19 Maps, Similarity & Trig, (alt view)
20 Complex numbers  

21 Logic with Symbols+truth tables

22  Consistent Story Telling
23. Even More Logic

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