CCSS.Math.7.3(NQ1c) Simple Interest

Good Day to all of you,

We are now on our last section of PERCENT and you know what this means? YUP.... a STRUT coming your way!  Are you ready?  This learning target is loaded, so hang on........ there are vocabulary terms to learn and when you do learn them, you are half way to solving the problems!

So let's start with the first vocabulary term- PRINCIPAL- and no, this is not Mr Riley!  When we are talking about Principal with interest, you are talking about the amount you saved or borrowed from a bank.  INTEREST is the second term, and this is the money that you owe or earned from the use of the money.  There is a shortcut formula to use when finding out the Simple Interest---

---  I = prt!

Before you get scared, lets look at this formula.  I= Interest  P=Principal  R=Percent Rate and T= Time( in years).  Using the formula, you need to plug in the correct information and solve.  I know this is still vague, but watch the videos and ask questions.  

This little ball of fluff is Marley.  She belongs to Maeve.  What a cutie!
As always in MATH,
Mrs M