Question: Formulate a background information regarding the concept and theories applied in the following mathematical applications of money. And why they are used for money 1.

Formulate a background information regarding the concept and theories applied in the following mathematical applications of money. And why they are used for money

1. Simple Interest

2. Compound Interest

3. Credit Cards and Consumer Loans

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Formulate information regarding the concept and theories applied in the following mathematical applications of money: 1. Simple Interest 2. Compound Interest 3. Credit Cards and Consumer Loans

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