Download presentation

Presentation is loading. Please wait.

Published byVeronica Little Modified over 3 years ago

2
Simple Interest 21.6

3
Vocabulary Principal = the original amount of money that is saved or borrowed. Simple interest = a fixed percent of the principal paid yearly.

4
Interest Formula (This formula is similar to d = rt) I = Interest P = Principal R = Interest rate per year T = Time, in years I = prt

5
Katrina puts $500 in a savings account at a simple interest rate of 6% per year for two years. How much interest will she earn? I = prt I = $500.06 2 I = $60

6
Bill borrows $500. He will repay it in 2 years at a simple interest rate of 8%. How much will he have to repay at the end of 2 years? I = prt I = $500.08 2 I = $80 $80 + $500 = $580 Bill will have to repay $580

7
Assignment - In Class Complete PW 21.6 –You may use a calculator Complete Ch. 21 Review (p. 414) –1-33 all –On lined paper –You may use a calculator

Similar presentations

Presentation is loading. Please wait....

OK

Simple Interest Formula I = PRT.

Simple Interest Formula I = PRT.

© 2018 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Simple ppt on global warming Ppt on autonomous car Ppt on acid-base indicators Ppt on conservation and management of forest Ppt on water resources class 10 download Ppt on triangles for class 9th free download Ppt on password protected door lock system Ppt on hindu religion symbols Ppt on business environment nature concept and significance of numbers Human body systems for kids ppt on batteries