February 09, 2015 Finding Simple Interest I = prt I= p= r= t= February 09, 2015 Anita deposits $320 into account that earns 4% simple interest per year. What is the total amount in the account after 3 years? Step 1: Step 2: plug it in, plug it in February 09, 2015 Luke Bryan borrows $400 from Ms. Crane for a 4 year loan. He is charged 5% simple interest per year. How much interest is he charged for the total 4 years? What is the total cost that Luke Bryan will pay after 4 years? February 09, 2015 What if Luke took out a 6 year loan? How much would he pay total??? February 09, 2015 February 09, 2015 February 09, 2015 Percent of change Percent of change = Step 1: plug in numbers into formula Step 2: divide to get answer Step 3: change to percent February 09, 2015 Linley buys leather pants for $27.99 on Wednesday. She goes back to the store on Sunday and sees that they are now only $14.99. What is the percent of change? February 09, 2015 The number of Vanilla Ice fans in 1993 was 654. In 2013, the number of fans decreased to 430. What is the percent of decrease? February 09, 2015 Team: Mrs. Phillips makes friendship bracelets. It costs her $4.25 to make each bracelet and she sells each one for $5.50. What is the percent of increase for each bracelet she sells? February 09, 2015 Pair: Mrs. Kirchner estimates that Mason weighs 25 pounds. In reality, Mason weighs 21 pounds. What is the percent of error? (hint: find percent of change--it's the same thing!) February 09, 2015 Solo: Bart buys 40 pair of socks in 2000. He now has 15 pair of socks left. What is the percent of decrease?
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