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Published byDiane Watkins Modified over 7 years ago

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5.5 Simple Interest I can find simple interest.

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Simple interest formula

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Example If you invest $50 at a simple interest rate of 3.5% per year for 3 years, what is the amount of interest earned? I = this is what we’re solving for P = 50 r = 3.5% = 0.035 t = 3 I = $5.25

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Graphing Simple Interest Make a table Graph the points

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Comparing Loans Find interest earned from each loan. The 3 year loan costs more because it earns more interest.

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Assignment Odds P.200 #5-19

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