Download presentation

Presentation is loading. Please wait.

Published byBrennan Leggett Modified over 9 years ago

1
What is Interest? Interest is the amount earned on an investment or an account. Annually: A = P(1 + r) t P = principal amount (the initial amount you borrow or deposit) r = annual rate of interest (as a decimal) t = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. n = number of times the interest is compounded per year (semiannually, quarterly, monthly, etc.)

2
$600 @ 12% interest for 7 years

3
$12,000 @ 5% interest for 8 years compounded… 1.Semiannually 2.Quarterly 3.Monthly

4
FIND THE AMOUNT $750 @ 11% for 12 years $1500 @ 2.5% for 5 years Quarterly Monthly

Similar presentations

© 2024 SlidePlayer.com Inc.

All rights reserved.

To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy.

Ads by Google