Simple and Compound Interest

    Cards (7)

    • What is the equation to simple interest
      I=pxixn
    • What does I stand for ?
      Simple interest
    • What does p stand for ?
      principle
    • What does i stand for ?
      Interest rate
    • What does n stand for ?
      number of years
    • Find I = pin
      $1,500 , 5%, 3
      $225
    • Find i - I=pin
      $5,000, %200, 3yrs
      ?
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