Thursday, March 17  Practice 7-7 is due today (please make sure your name is on it.  Agenda Quiz on Tuesday, 3/22 (7-5 to 7-7) Grade Practice 7-7 Note.

Slides:

Advertisements

Similar presentations

4/29/2015Section 8.31 Section 8.3 Compound Interest Objectives 1.Use the compound interest formulas. 2.Calculate present value. 3.Understand and compute.

Advertisements

Simple and Compound Interest

Sullivan PreCalculus Section 4.7 Compound Interest

Simple Interest and Compound Interest

Simple Interest Essential Skill: Explicitly Assess Information and Draw Conclusions.

Simple Interest 7th Grade Math.

Simple and Compound Interest. Simple Interest Interest is like “rent” on a loan. You borrow money (principal). You pay back all that you borrow plus more.

What is Interest? Interest is the amount earned on an investment or an account. Annually: A = P(1 + r) t P = principal amount (the initial amount you borrow.

Simple Interest Formula I = PRT.

Pre-Algebra 8-7 More Applications of Percents Warm-up Pink handout #11-14 Turn in pink handout.

3/9/12 Section 3.6/3.2 Obj: SWBAT solve real world applications using exponential growth and decay functions. Bell Ringer: Get Compound Interest Packet.

Chapter 7 Pre-Algebra.

16.2 Saving and Investing How can you save money by investing small amounts of money regularly?

7-8 simple and compound interest

Problem of the day…. You have to pay the first $500 of car repairs following an accident. The money you pay is called your:

Simple and Compound Interest Lesson REVIEW: Formula for exponential growth or decay Initial amount Rate of growth or decay Number of times growth.

Do Now 4/12/11 Take out HW from last night. Take out HW from last night.  Text p. 365, #8-16 evens and #15 Copy HW in your planner. Copy HW in your planner.

Interest on Loans Section 6.8. Objectives Calculate simple interest Calculate compound interest Solve applications related to credit card payments.

California Standards NS1.4 Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Also.

Warm Up  0.04  ,700  2   0.05  ,200  6  Course Simple Interest 2,520 Thursday February 2,

6-7 Simple Interest Warm Up Warm Up Lesson Presentation Lesson Presentation Problem of the Day Problem of the Day Lesson Quizzes Lesson Quizzes.

Simple Interest.

Simple and Compound Interest

Simple Interest Compound Interest. When we open a savings account, we are actually lending money to the bank or credit union. The bank or credit union.

Using Percents Part 2.

5 Minute Check Find the price to the nearest cent. Complete on the back of your homework. 1. $60; with a 60% discount 2. $40; with 7% tax 3. $199; with.

Simple & Compound Interest

Compound Interest SWBAT compute compound interest using a table.

Thinking Mathematically

SECTION 5-6 Compound Interest Tables pp

Friday, April 29 Practice 8-7 is due today (Please make sure your name is on it) Today’s Agenda  Chapter 8 Test will be Thursday, May 5  Checkpoint Quiz.

Math PPT Week of 12/8.

Monday, September 27 (Blue) Tuesday, September 28 (Gold) Today’s Agenda Fill in Planner Practice 4-2, 4-3, and 4-4 due Wednesday (Blue), Thursday (Gold)

Friday, December 3 Please make sure your name is on Practice 6-5 and it is completed. If it is not, let me know so that I can fill out your ZAP Fill in.

Tuesday, March 15  Practice 6-5 is due today (Please make sure your name is on it)  Today’s Agenda (Fill in planner) Open Note Quiz Grade Practice 6-5.

Writing Exponential Growth Functions

3/9/11 Simple Interest Today’s Plan: -Simple Interest -Assignment & Correct Homework LT: I can solve problems involving simple interest. Use the formula.

 1. Do inverse operation  A. 1 st undo addition or subtraction  B. 2 nd undo multiplication or division.

7-7 Simple and Compound Interest. Definitions Left side Principal Interest Interest rate Simple interest Right side When you first deposit money Money.

Compound Interest Tables pp SECTION.

Percent of Change PRE-ALGEBRA LESSON Write these fractions to the nearest tenth of a percent. a. b %80.8%

Graph Exponential Growth Functions Lesson 7.1 Algebra II Strauss.

PRE-ALGEBRA. Lesson 7-7 Warm-Up PRE-ALGEBRA Simple and Compound Interest (7-7) principal: the amount of money that is invested (put in to earn more)

Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.

Simple Interest Formula I = PRT. I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest Rate.

Tuesday, April 19  There is no homework due today  Thursday, April 21 you will take (or retake) Checkpoint Quiz 8-1 to 8-4  Today’s Agenda Review Slope.

Tuesday, March 22  Practice 6-6 is due today (please make sure your name is on it)  Today’s Agenda Return Checkpoint Quiz, Bell Work Q and A Practice.

Simple and Compound Interest Video: Simple/ Compound InterestSimple/ Compound Interest Video: A Penny a DayA Penny a Day.

Simple Interest Formula I = PRT. I = PRT I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest.

Simple Interest Formula I = PRT.

Section 6.7 Financial Models. OBJECTIVE 1 A credit union pays interest of 4% per annum compounded quarterly on a certain savings plan. If $2000 is.

Compound Interest Formula. Compound interest arises when interest is added to the principal, so that, from that moment on, the interest that has been.

5-1 Computing APRs What is the APR if the monthly rate is.5%? What is the APR if the semiannual rate is.5%? What is the monthly rate if the APR is 12%

ENTRANCE TICKET You take out a loan for $20,000 to finance your college education. In your research of loans and loan interest rates, you find that: Federal.

Daily Warm-UP Quiz 1.Expand: ln x -5 y 2 2x 2. Condense: ½ ln4 + 2 (ln6-ln2) 3. Use properties of logs to solve for x: a. log 81 = x log3 b. log x 8/64.

6-3 (E)Simple Interest Formula I = PRT. I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest.

Holt CA Course Simple Interest Warm Up Warm Up California Standards California Standards Lesson Presentation Lesson PresentationPreview.

Simple and Compound Interest Simple Interest I = Prt Compound Interest A = P(1 + r)

7.7 Simple and Compound Interest. Interest You EARN interest when you put $ into a savings account. You PAY interest when you borrow money...bank, loan,

Challenging… Interest Rates and Savings By: Nicole Sandal.

Homework: Part I 1. A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much interest will you earn in one year? 2.

Monday, February 14 Practice 5-5 is due today (Please make sure your name is on it) Practice 5-5 is due today (Please make sure your name is on it) Fill.

Applications of Percent

5-5 Simple Interest. Video Tutor Help Finding simple interestFinding simple interest (5-5) Simple Interest Khan Academy Simple interest.

1 College Algebra K/DC Monday, 28 March 2016 OBJECTIVE TSW use properties of exponents to solve exponential equations. ASSIGNMENTS DUE TOMORROW –Sec. 4.1:

Interest Applications - To solve problems involving interest.

Week 13 Simple Interest. Lesson Objectives After you have completed this lesson, you will be able to: Represent or solve simple interest problems. Solve.

HOW TO MAKE MONEY WITHOUT DOING ANY WORK

Lesson Quizzes Standard Lesson Quiz

Presentation transcript:

Thursday, March 17  Practice 7-7 is due today (please make sure your name is on it.  Agenda Quiz on Tuesday, 3/22 (7-5 to 7-7) Grade Practice 7-7 Note Taking (Lesson 7-8) Assign Practice 7-8 (due next Tuesday)  Bell Work Happy St. Patrick’s Day

Today’s Objective  By the end of class today, SWBAT Solve simple-interest problems Solve compound-interest problems

Vocabulary the amount you first deposit into a bank account. the money the bank pays you based on the interest rate. the percent of the money you have deposited the bank pays you over a specified period of time. interest paid only on the principal. when a bank pays interest on the principal and on the interest an account has earned. the principal plus the interest.

Key Concepts Interestprincipal Interest ratetime final balanceprincipal interest rate number of interest periods

Example

Quick Check

Example

Quick Check

Example compound

Quick Check p= r= n= p= r= n=