Savings and Investments

Mathematics

Definition of savings

Excess money deposited in the safe, money box or drawer

Types of savings

Savings account

Types of savings

Fixed deposit account

Types of savings

Current account

Definition of investment

An alternative step for future returns in the form of current income and capital gains

Types of investments

Unit trust

Types of investments

Real estate

Definition of simple interest

A reward given to the depositor at a certain rate on the deposit amount (principal) for a certain period of time (in years)

Formula simple interest