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Simple and Compound interest
Contributed by: Turner
(Original author: Dodson)
You must enter all answers in the format specified
  Calculations
       with
Simple Interest

Determine the simple interest.
$
round to 2 decimal places
Determine the simple interest.
round to 2 decimal places
$
Determine the simple interest.
round to the nearest cent eg 2 decimal places
$
Determine the simple interest.
Round to the nearest cent eg 2 decimal places
$
Determine the simple interest
$4000 is invested at 4.5% simple interest for 
36 months.
What was the interest earned?

$
$10000 is invested at 7.5% simple interest for 
18 months.  What was the interest earned?

Determine the simple interest
$
Determine the simple interest
You borrow $6000 from the bank at a rate of 4% 
for 21 months. How much interest do you owe?
Find the simple interest.
$
Go back to the previous slide and enter the final
balance owed to the bank.

Remember Total = P + I
$
You invest $2500 in a simple interest account at 3.5%. What is the TOTAL in your account at the end of 5 years?

Remember Total = P + I
Round to two decimal places
$
PLUG IN to the Compound Interest formula.You invest $1500 in an account at 8% compounded annually for 6 years. 
A = P(1+R)T


A=
PLUG IN to the Compound Interest formula.You invest $6200 in an account at 6% compounded annually for 9 months
A = P(1+R)T


A=
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