Notes Over 3.5Interest Simple interest is found by multiplying the principal, the rate, and the time. Compound interest is the total amount earned each.

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Presentation transcript:

Notes Over 3.5Interest Simple interest is found by multiplying the principal, the rate, and the time. Compound interest is the total amount earned each year with interest found on the interest.

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 1. principal =$500, rate = 4%, time = 2 yrs

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 2. principal =$700, rate = 3.5%, time = 4 yrs

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 3. prin. =$1500, rate = 4.25%, time = 2 yrs

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 4. principal =$600, rate = 3.9%, time = 5 yrs

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 5. principal =$950, rate = 5.1%, time = 2.5 yrs

Notes Over 3.5Interest Find the simple interest earned on each given principal, rate, and time. 6. principal =$890, rate = 4.2%, time = 4.5 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 7. principal =$500, rate = 4%, time = 2 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 8. principal =$700, rate = 3.5%, time = 4 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 9. prin. =$1500, rate = 4.25%, time = 2 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 10. principal =$600, rate = 3.9%, time = 5 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 11. principal =$950, rate = 5.1%, time = 2.5 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 12. principal =$890, rate = 4.2%, time = 4.5 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 13. principal =$640, rate = 6.1%, time = 1.5 yrs

Notes Over 3.5Interest Find the amount in an account for each given principal, rate, and time if the interest is compounded. 14. principal =$955, rate = 3.9%, time = 3.25 yrs

Notes Over 3.5 Extra Practice Worksheet 3.5 Pg. 3-29, Lesson 3.5 #3-10