Personal Finance – 3/16/17
I. Bellwork:
A. Show your work
- Robert earned $300 interest on a 6 month with a 12% interest rate. What was the principle he invested?
- Gustavo invested $5000 and earned $250 interest for 90 days. Using a 360 day year, what was the interest rate?
- Jamil invested $4000 and earned $800 at an interest rate of 10%. Determine the time (t) in years for the investment.
II. Objectives:
- Content OBJ: calculate simple interest and maturity using the simple interest formula
- Lang OBJ: explain how to calculate simple interest and maturity by converting number and using the simple interest formula
III. Notebook: Determining Maturity Formula
IV. Classwork
- 2.4.3 Calc Simple Interest on iLearn – Review
- 2.4. 4 Calc Simple Interest on iLearn
V. Quiz on Simple Interest and Maturity Value tomorrow
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