October 24, 2013
Simple interest
I = prt
October 24, 2013
Miranda borrows $700 from Blake. He charges her 6% simple interest.
It will take her 3 years to pay him back. How much interest will Miranda
have to pay him? How much total will she pay back?
October 24, 2013
Charli puts $25 in a savings account that earns 3% simple interest. She
keeps her money there for 5 years. She is hoping to have enough to
buy a ticket to see Hunter Hayes. His tickets are $45. Will she have
enough in 5 years to go see him? How much exactly will she have in
her savings account?
October 24, 2013
Payton kinda likes Justin Bieber's music. She is taking a loan out from
her mom in order to go see him in concert. His tickets (for VIP front
row) are $550. She takes out a loan for $600. Her mom, trying to teach
her a lesson, charges her 2% simple interest. Payton figures that it will
take her 3 years to pay her mom back. How much total will Payton end
up paying back?
October 24, 2013
Luke is coming to Jefferson City so he can see the fabulous math
teachers! He needs to borrow $2500 in order to make the trip. His
bank is charging him 8% simple interest. He told them he would pay it
back in 2 years. How much will it cost Luke to come visit?
Yes! Going to
LCMS!
Woo-hoo!!!