# Interest

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Category: Education

## Presentation Description

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By: Benre (74 month(s) ago)

By: hemant.itm (91 month(s) ago)

thnx

## Presentation Transcript

### SIMPLE INTEREST:

SIMPLE INTEREST Simple interest is the amount paid for the use of money.

FORMULA I=PRT

### INTEREST EQUALS:

INTEREST EQUALS PRINCIPAL - the amount of money invested or borrowed RATE - in the annual interest TIME - in years

### SAVINGS ACCOUNT:

SAVINGS ACCOUNT You can also use the formula to find the simple interest when you deposit money in a savings account

### INVESTING:

INVESTING Angie has \$500 in a savings account that pays 5% simple interest. How much interest will she earn in 2 years? How much interest will she earn if she withdraws the money after 9 months?

### HOME IMPROVEMENT:

HOME IMPROVEMENT If you borrow \$5,000 at 11.5% for 3 years to make home repairs and improvements. How much will you have to pay back, including interest?

### DISCOUNT & SALES TAX:

DISCOUNT &amp; SALES TAX WHEN AM I EVER GOING TO USE THIS? Knowing how to calculate discounts and sales tax will help you determine how much money you’re actually spending when you shop.

### MONEY MATTERS:

MONEY MATTERS A \$53 racquet at Sports Galore is on sale for 20% off the regular price. What is the amount of the discount? What is the sale price ?

### PERCENT OF CHANGE:

PERCENT OF CHANGE When shopping for roses the originally cost was \$36 dollars before Valentines Day is now on sale for \$18 dollars. What is the percent of decrease of the roses? Created By:Lynn Husen &amp; Pat Layton Maury Middle Dandridge, TN