If you already have a bank account or if you plan to have one in the future, then this tutorial is a must see! Follow along as this tutorial goes through a word problem involving simple interest.

Keywords:

problem

word problem

word

translate

translate words to algebra

simple interest

interest

percent

interest rate

solve

equation

Background Tutorials

use a problem-solving model that incorporates analyzing given information, formulating a plan or strategy, determining a solution, justifying the solution, and evaluating the problem-solving process and the reasonableness of the solution

Interest is found in a bunch of places: savings accounts, mortgages, loans, investments, credit cards, and more! Watch this tutorial and learn how to calculate simple interest!

Further Exploration

apply mathematics to problems arising in everyday life, society, and the workplace

Interest is found in a bunch of places: savings accounts, mortgages, loans, investments, credit cards, and more! Watch this tutorial and learn how to calculate simple interest!