2. 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.

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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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

16. 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

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