ABSTRACT
This chapter explores the main concepts of percentages, loan and interests. In business the term depreciation refers to the allocation of the cost of an asset within several periods of time. Depreciation is a systematic and rational process of distributing the cost of tangible assets over the lifetime of the asset. The chapter focuses on the two main methods: the straight line method and the declining balance method. The concept of percentages is very important in the business world. Most of the time managers give their outcome in terms of percentages. For example, a 50% decrease in sales, a 75% increase in profit, a 3% increase in market share. The chapter discusses the concepts of simple and compounded interest.
