# Notes Over 7 – 7 - PowerPoint PPT Presentation

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Notes Over 7 – 7. Solve for the indicated variable. Notes Over 7 – 7. Solve for the indicated variable. Notes Over 7 – 7. Solve for the indicated variable. Notes Over 7 – 7. Solve for the indicated variable. Notes Over 7 – 7. Solve for the indicated variable. Notes Over 7 – 7.

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Notes Over 7 – 7

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Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Notes Over 7 – 7

Solve for the indicated variable.

Pg 367 7 – 7 #1 – 5, 6 – 15

Solve for the indicated variable.

Pg 367 7 – 7 #1 – 5, 6 – 15

Solve for the indicated variable.

Pg 367 7 – 7 #1 – 5, 6 – 15

Solve for the indicated variable.

Pg 367 7 – 7 #1 – 5, 6 – 15

Solve for the indicated variable.

Pg 367 7 – 7 #1 – 5, 6 – 15

Solve for the indicated variable.

Notes Over 7 – 8

Simple Interest Formula

I = prt

= (principal) (rate) (time)

1. Suppose you deposit \$1000 in a savings account that earns 6% per year. Find the interest earned in two years.

Find the total of the principal plus interest..

Notes Over 7 – 8

Simple Interest Formula

I = prt

= (principal) (rate) (time)

2. Complete the table. \$400, 5%, for 4 years

Notes Over 7 – 8

Simple Interest Formula

The same thing can be found by using the compound interest formula:

Notes Over 7 – 8

Simple Interest Formula

3. Find the balance compounded semiannually. Deposit: \$900, Int. Rate: 2%, Time: 3 years

Pg 372 7 – 8 #1 – 6, 8 – 18

Find the simple interest.

1. \$200, 7%, 2 years

2. \$870, 6%, 9 months

Pg 372 7 – 8 #1 – 6, 8 – 18

Find the balance.

3. \$495, 8%, 2 years - annually

Pg 372 7 – 8 #1 – 6, 8 – 18

Find the balance.

4. \$1,280, 13%, 3 years - annually

Pg 372 7 – 8 #1 – 6, 8 – 18

Find the balance.

5. \$2,000, 5%, 2 years - semiannually

Pg 372 7 – 8 #1 – 6, 8 – 18

Find the balance.

6. \$15,600, 10%, 3 years - semiannually

Pg 372 7 – 8 #1 – 6, 8 – 18

Pg 367 7 – 7 #1 – 5, 6 – 15