FORMULA:
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 & 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 & Pat Layton
Maury Middle
Dandridge, TN