You are here

A Persian Folk Method of Figuring Interest

by Peyman Milanfar (SRI International)

This article originally appeared in:
Mathematics Magazine
December, 1996

Subject classification(s): Applied Mathematics | Mathematics for Business
Applicable Course(s): 2.1 College Algebra

Monthly payments on a loan are estimated and the reason the estimate works is analyzed.

A pdf copy of the article can be viewed by clicking below. Since the copy is a faithful reproduction of the actual journal pages, the article may not begin at the top of the first page.

To open this file please click here.

These pdf files are furnished by JSTOR.

Classroom Capsules would not be possible without the contribution of JSTOR.

JSTOR provides online access to pdf copies of 512 journals, including all three print journals of the Mathematical Association of America: The American Mathematical Monthly, College Mathematics Journal, and Mathematics Magazine. We are grateful for JSTOR's cooperation in providing the pdf pages that we are using for Classroom Capsules.

Average: 3.2 (18 votes)