Presentation is loading. Please wait.
Published byDiane Watkins Modified over 7 years ago
5.5 Simple Interest I can find simple interest.
Simple interest formula
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
Graphing Simple Interest Make a table Graph the points
Comparing Loans Find interest earned from each loan. The 3 year loan costs more because it earns more interest.
Assignment Odds P.200 #5-19
© 2023 SlidePlayer.com Inc.
All rights reserved.