Good Day to all of you,
This is the last lesson of the chapter on percent! This also means that you will be taking a test in the very near future. But before the test happens, we need to cover SIMPLE INTEREST. Simple Interest is the money earned or paid for the use of your money. It can be found by using the formula, shortcut, I = PRT. That is Interest = Principal * Rate * Time. We will go over this formula after we learn about the parts of it. I = interest P = principal R = percent charged or earned T = time.
The PRINCIPAL is not Mr Riley in this case! The Principal is the money you deposit or borrow. The 2 vocabulary terms for this lesson are Simple Interest and Principal. Make sure you glance back in this paragraph for the meanings and include the formula for simple interest.
So, hang on....... and ask questions if you have them especially after going through the examples on the videos.
Take at least 2 notes from the blog onto the graphic organizer.
Gage sketched this picture and sent it in to the blog. It really should have been published a bit earlier, but enjoy it now! What an artist you are, Gage!
Homework: Read the blog, take at least 2 notes from the blog. Watch the videos and take notes in your graphic organizer and complete your 2 vocabulary terms for lesson 7 - Discount and Markdown.
As Always in MATH,
Mrs M
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