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[DOCX File]Ms. McRae's Classes - Home
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Simple Interest. Using the link above, calculate the simple interest using . one principal amount. of your choice . and three different interest rates. and a . five-year period. Use the snipping tool to copy your results to this worksheet. Using the same calculator, complete the following chart:
simple interest calculator

[DOC File]Simple Interest - University Of Maryland
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Solution: Since we wish to calculate the total amount of interest due on a simple interest loan, we use the formula I = Prt. The principal, P, is the amount borrowed, so we set P = 1500. The interest rate 12.0% is converted to r = 0.12 and the time, given in months, is converted to 15/12 years.
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[DOC File]Simple and Compound Interest Worksheet
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You just use the compound interest formula. A = P(1 + r/m)mt A= P(1 + r)t. Note: This is the actually formula due to n being equal to 1. A= 30,000(1.06)10. A=$53,725.43 WOW!!! What a difference!!! In problems 16-20, calculate the expected price in the year 2008 if you assume that there was a consistent 5% inflation rate and use the given 1988 ...
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[DOC File]Winthrop University
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Notes on Calculating Interest Rates. 1. Simple Interest Rates (Principle * Rate * Time) = simple interest. Typically the principle (otherwise known as the par value or future value) will be $1000. Calculate the simple interest rate for the following security. A person invests $1000 in a bond that pays 7 percent interest, for 5 years (paid ...
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Calculate simple interest rate calculator