1 / 4

SAVING – Take Interest!

SAVING – Take Interest!. SIMPLE INTEREST. Simple Interest = Principle x rate x time Equation Principle + Interest: A = ( Prt )+P P  =  principal amount (the initial amount you borrow or deposit) r   = annual rate of interest (as a decimal)

yoshi
Download Presentation

SAVING – Take Interest!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. SAVING – Take Interest!

  2. SIMPLE INTEREST Simple Interest = Principle x rate x time Equation Principle + Interest: A = (Prt)+P P = principal amount (the initial amount you borrow or deposit) r  = annual rate of interest (as a decimal) t  = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest.

  3. COMPOUND INTEREST - Annually Interest Compounded Annually: A   =   P (1 + r)Y P = principal amount (the initial amount you borrow or deposit) r  = annual rate of interest (as a decimal) t  = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. Y = number of years principle invested n  =  number of times the interest is compounded per year

  4. COMPOUND INTEREST Interest Compounded multiple times a year: A   =   P (1  +  r/n)Yn P = principal amount (the initial amount you borrow or deposit) r  = annual rate of interest (as a decimal) t  = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. n  =  number of times the interest is compounded per year

More Related