How Do You Use the Formula for Simple Interest?

How Do You Use the Formula for Simple Interest?

Note:

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

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

      • What is the Formula for Simple Interest?What is the Formula for Simple Interest?

      What is the Formula for Simple Interest?

      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

      • What is the Formula for Simple Interest?What is the Formula for Simple Interest?

      What is the Formula for Simple Interest?

      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!