Lesson1_SimpleInterest.notebook
February 08, 2017
Today's Learning Goal:
• I can determine interest using the simple interest formula
Lesson1_SimpleInterest.notebook
February 08, 2017
Lesson1_SimpleInterest.notebook
Simple Interest:
I = Prt
February 08, 2017
Lesson1_SimpleInterest.notebook
February 08, 2017
Working with Percentages and Interest:
Lesson1_SimpleInterest.notebook
Working with Time (t):
• Time must be in years
February 08, 2017
Lesson1_SimpleInterest.notebook
February 08, 2017
Ex. 1: Shelby invests $1000 at a simple interest rate of 6.5 %. Show her interest after 4 years.
b) What about after 5 months?
c) What about after 25 weeks?
d) What about after 200 days?
Lesson1_SimpleInterest.notebook
February 08, 2017
Ex. 2: What rate of simple interest is needed to get $7000 to grow to $10000 in 5 years?
Ex. 3: How long would it take $1500 to grow to $2000 at a simple interest rate of 3%?
Lesson1_SimpleInterest.notebook
February 08, 2017