Wednesday, November 13, 2013

Chapter 2.8 Simple Interest

Good Evening to you all,

Welcome to the last lesson of this chapter and you know what that means- A chapter test coming up soon! Yikes or Psyched!!! Bet you are ready for this!!! Let me know by email or comment at the bottom as to your feeling!!!

This lesson is on Simple Interest.  Simple Interest is the money earned or owed on a principle (beginning money).  So with simple interest, you either earn money or you pay money.  If you deposit money into an account, you earn money as interest or if you borrow money, you pay money as interest.
This is a bit confusing, put listen to the videos and see if they make sense. 
 If you have any questions, email them to me or save them for class.

The interest formula is I=PRT
I= interest earned or owed
P= principle
R= rate of interest
T= time( in years)

Substitute in the values and solve for the UNKNOWN.
Vocabulary words for lesson 8
Simple Interest
Principal
Rate
Time
Julia and her kitty!
Homework:
Watch the videos as often as needed- take notes if you want to in the REFERENCE Spiral to use for the test.

Attention Attention Attention:
Email me questions or interesting facts (at least 2) on any of Chapter 2- mrsmathatee@yahoo.com 

                  Chapter 2.8 Simple Interest VOCABULARY
Video from Erin


As always in MATH,
Mrs M

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