"La mayor parte de las ideas fundamentales de la ciencia son esencialmente simples, y deben, como regla, ser expresadas en un lenguaje que cualquiera pueda comprender".
A. Einstein

domingo, 21 de abril de 2013

Simple interest

Hi kids,

I am sure you have heard about bank interest, but never have been told what  is that exactly. I would say that INTEREST is how much is paid for the use of money (expressed as a percent or an amount). For further information, click on here (FOCUS ON SIMPLE INTEREST ONLY).

Have you ever wondered how a real bank works? See that video if you are interested:

If you want to practice doing exercises, have a look here.

This is the main vocabulary you should know for that unit:

LOAN, CREDIT: préstamo
RATE OF INTEREST: Tipo de interés
BORROW: Tomar/pedir dinero prestado
LEND: Prestar dinero

Take care


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