Say what?
"t" represents this you find the interest owed when you borrow money
What is the amount of time money is borrowed?
Justin's father borrows $1,200 from the bank for a riding lawn mower. The interest rate is 8% per year. The simple interest he will pay when he takes 2 years to repay the loan.
What is $192 in interest in 2 years?
Simple Interest for $1050 4.6% 2 years
What is $96.60 in 2 years
69% as a decimal
What is 0.69?
1,000 x 87 x C = 174000
What is C = 2?
The amount paid or earned for the use of money
What is interest?
Daniel has $750 in a savings account that pays 3% simple interest. The interest he will earn in 9 months.
What is about 16.88?
Simple Interest for $250, 2.85%, 3 years
What is $21.38 in 3 years?
1.5% as a decimal
What is .015?
P = 3s solved for s.
What is
P/3 = s
?
The amount of money deposited or invested.
What is principal?
Kaelee puts $700 in an account that pays 2% interest compounded annually. Find the account balance after 9 years. The account balance after 9 years.
B = p(1 + r)t
What is $836.56?
Simple Interest Rate for $500 Principal, $18.75 Interest earned in 1 year
What is 3.75% ?
2.85% as a decimal
What is 0.0285?
$1,216.65 = p(1 + 0.04)5 solved for p
What is $1000?
Annual interest rate written as a decimal.
What is "R" in the simple interst form?
Anthony deposits $500 into an account that earns 1% interest compounded annually.
Thomas deposits the same amount into an account that earns 1% simple interest.
Compare the account balances after 2 years.
What is Anthony's account balance is greater?
Compound Interest Balance for $3,000, 5.5%, 2 years
What is $3339.08 in 2 years
3 months is this part of a year.
What is 1/4?
I=prt solved for t.
What is
t = I/(pr) ?
The reason compound interest is magical.
What is calculating with the balance instead of the principal?
Samantha opened a savings account 13 years ago. She has not made any deposits or withdrawals since. The account earned 3% interest compounded annually. The account balance is now $1,028.
Samantha's original deposit.
B = p(1 + r)t
What is $700?
Compound Interest on Original Principal for achieving a balance of $45,000, 4%, 6 years
B = p(1 + r)t
What is $35,564.15 original investment?
66 months is this many years.
What is 5.5?
p = 3r − 5 solved for r.
r = (p+5)/3