Day 4.  Each student will:  Change a percent to a decimal  Calculate simple interest and ending balance for a given exercise using the formula Principle.

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Presentation transcript:

Day 4

 Each student will:  Change a percent to a decimal  Calculate simple interest and ending balance for a given exercise using the formula Principle + Interest = Ending Balance (P + I = EB)  Enter Microsoft Excel formulas that calculate Cost of Goods Sold (COGS), markup, and profit margin  Use autosum to quickly calculate column totals

 Calculate simple interest on the following:  7.0%  Use the 2 following two-step formula:  Principal (P) x Rate (R) = Interest (I)  P + I= Ending Balance  Use the Six Steps. Show your work and Do not cut corners!

Simple Interest: Interest on earned on the original amount. Compound Interest: Interest earned on the original amount and the previous interest. Markup: The difference between the cost of an item and the sales price of that item.

 Microsoft Excel Facts:  Each “box” is a cell.  Each cell can contain numbers, text, formulas, references, functions, and even pictures.  Every formulas begins with an equals sign.

 Bell work  Save Excel Link to your server  “Sales Revenue”  “Survey” (if time permits)  Change counting activity (if time permits)