Abstract:
Abstract: Money has time value. The value of Tk today is more worthy than the value
of Tk 1 tomorrow as today’s money can be invested to earn positive returns in future.
This economic principle recognizes that the value of money is affected with the
passage of time. Problems of financial transactions concerning simple interest are
usually solved by algebraic formula. This paper attempts to solve such problems
using techniques of integration and makes a comparison with the results obtained by
the classical algebraic method and finds no error. The proposed techniques could be
implemented in the practical field as it provides error-free result.
