Simple Interest
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Formulae
Formula I
Courtesy: Wall Street Mojo https://www.wallstreetmojo.com/simple-interest NB: This formula is used when the interest rate is NOT converted to a decimal eg. 1%, 2%, 3%, etc. |
Formula II
Courtesy: Passy's World of Mathematics http://passyworldofmathematics.com NB: This formula is used when the interest rate is converted to a decimal eg. 0.01, 0.02. 0.03, etc. |
Understanding Simple Interest
Videos I & II
Courtesy: Don't Memories
https://dontmemorise.com
https://www.youtube.com/channel/UCiTjCIT_9EXV1Wp1cY0zaUA
Courtesy: Don't Memories
https://dontmemorise.com
https://www.youtube.com/channel/UCiTjCIT_9EXV1Wp1cY0zaUA
Video I
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Video II
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Calculating Simple Interest
Video III
Courtesy: Fuse School - Global Education
https://www.fuseschool.org/users/sign_in
https://www.youtube.com/channel/UCS3wWlfGUijnRIf745lRl2A
Courtesy: Fuse School - Global Education
https://www.fuseschool.org/users/sign_in
https://www.youtube.com/channel/UCS3wWlfGUijnRIf745lRl2A
Video IV
Courtesy: Mr. Lawrence Perez
https://www.saddleback.edu/faculty/lperez/algebra2go/index.html
Courtesy: Mr. Lawrence Perez
https://www.saddleback.edu/faculty/lperez/algebra2go/index.html
Practical Applications of Simple Interest
How understanding simple interest can save you money!
How understanding simple interest can save you money!
Video VII
Courtesy: Capital One
https://www.capitalone.com
https://www.youtube.com/channel/UCyGhGrs-1hA22jX6X850VEQ
Courtesy: Capital One
https://www.capitalone.com
https://www.youtube.com/channel/UCyGhGrs-1hA22jX6X850VEQ
Worksheets
Courtesy: Mathworksheets4kids
https://www.mathworksheets4kids.com
https://www.mathworksheets4kids.com/simple-interest.php
Courtesy: Mathworksheets4kids
https://www.mathworksheets4kids.com
https://www.mathworksheets4kids.com/simple-interest.php
Practice Questions (Q1 - 7)
Courtesy: Math is Fun
https://www.mathsisfun.com
https://www.mathsisfun.com/money/interest.html
Courtesy: Math is Fun
https://www.mathsisfun.com
https://www.mathsisfun.com/money/interest.html
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