Exit Ticket for April 16, 2018

Last updated over 8 years ago

5 Nsɛmmisa

Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

Exit Ticket for Simple Interest Lesson

7.C.6

Laabri

Exit Ticket for April 16, 2018

Last updated over 8 years ago

5 Nsɛmmisa

Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

Exit Ticket for Simple Interest Lesson

Asemmisa {{asɛmmisaAhyɛnsode}}

The formula for simple Interest is ...

I = P + r + t

Interest is equal to Principal minus Rate minus time.

I = Pr / t

Interest is equal to Principal times rate times time.

7.C.6

Asemmisa {{asɛmmisaAhyɛnsode}}

The P in the Interest formula represents the money that you end up with after interest is calculated.

Nokorɛ

Ɛnyɛ ampa

7.C.6

Asemmisa {{asɛmmisaAhyɛnsode}}

If the time for the interest period is less than 1 year ...

You must divide the number of months by 12.

You must add 12 to the number of months.

You must multiply the number of months by 12.

You must subtract the number of months from 12.

7.C.6

Asemmisa {{asɛmmisaAhyɛnsode}}

Though the rate in the Interest formula is presented as a percentage, it must always be calculated as a/(an)

7.C.6

Asemmisa {{asɛmmisaAhyɛnsode}}

Robert places $500.00 in the bank for 5 years at a rate of 12%. How much interest will he earn at the end of the five years?

7.C.6

Asemmisa {{asɛmmisaAhyɛnsode}}

The formula for simple Interest is ...

I = P + r + t

Interest is equal to Principal minus Rate minus time.

I = Pr / t

Interest is equal to Principal times rate times time.

Asemmisa {{asɛmmisaAhyɛnsode}}

The P in the Interest formula represents the money that you end up with after interest is calculated.

Nokorɛ

Ɛnyɛ ampa

Asemmisa {{asɛmmisaAhyɛnsode}}

If the time for the interest period is less than 1 year ...

You must divide the number of months by 12.

You must add 12 to the number of months.

You must multiply the number of months by 12.

You must subtract the number of months from 12.

Asemmisa {{asɛmmisaAhyɛnsode}}

Though the rate in the Interest formula is presented as a percentage, it must always be calculated as a/(an)

Asemmisa {{asɛmmisaAhyɛnsode}}