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1.1 SIMPLE INTEREST
Instructions: Use the following tutorial to help
introduce or reinforce the concept of Simple Interest.
Read through the introduction, then study and familiarize
yourself with the definitions of terms. Next, use
the incremental calculator to study each step of
the process of determining Simple Interest. Finally,
use the calculator for examples to quiz yourself.
Interest calculated for
the original principal only is called
Simple Interest.
The following is the formula for calculating the
accumulated amount of money as a result of Simple
Interest:
A=P(1+rt)
Table of Contents:
Variables
Incremental calculator
Calculator
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