Interest Review Lesson

5 Slides • 3 Questions

1

Interest Review

TODAY is Quiz Day!!!

2

Simple Interest Formula

I = Prt

3

To Find Simple Interest Account Balance

A = P + I

4

Multiple Choice

Kayla is going to buy a new camera for $350 the interest on it will be 5.4% for 1 year. How much is she going to pay for the camera?

1

$368.90

2

$18.90

3

$331.10

4

$189.05

5

Compound Interest Formula

A = P(1 + r)^t

6

To Find Compoun Interest

I = A - P

7

Multiple Choice

Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded annually, what will be the interest paid after 18 years?

1

$4,748.76

2

$6,314.08

3

$6,385.72

4

$6,427.94

8

Poll

How do you feel about interest now?

Great!!

Ok.

It's kinda hard.

I don't understand at ALL!!!

Interest Review

TODAY is Quiz Day!!!

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