What is the Formula for Simple Interest?

What is the Formula for Simple Interest?

Note:

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!

Keywords:

  • formula
  • interest
  • simple interest
  • interest rate

Background Tutorials

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

      • What's a Percent?What's a Percent?

      What's a Percent?

      Sales tax, tips at restaurants, grades on tests... no matter what you do, you can't run away from percents. So watch this tutorial and see once and for all what percents are all about!

Further Exploration

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

      • How Do You Use the Formula for Simple Interest?How Do You Use the Formula for Simple Interest?

      How Do You Use the Formula for Simple Interest?

      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.