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ch10_irg

# ch10_irg - Chapter 10 Simple Interest These web sites give...

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Chapter 10 Simple Interest These web sites give more examples of using the simple interest formula. Explanation and Examples http://www.aaamath.com/pct68-simple-interest.html#pgtp This site provides an opportunity to learn about simple interest, and then you can practice and play games with some random examples to check your understanding. U.S. Rule http://courses.confederationc.on.ca/bm105/part3/unit9/bm9s3.html This site gives a detailed explanation about how to apply the U.S. Rule and the effect of making partial payments on a loan before the maturity date These calculators can solve for the variables in the simple interest formula. Final Value http://www.expatsite.com/tools/simpleinterest.php3 This easy to use calculator can calculate the final value of an investment at simple interest. Project A Go to http:// www.ethanallen.com . Suppose you are moving in 8 months. Find a piece of furniture you would like to purchase when you move. If you find a savings account that pays 3% (annual rate) simple interest for 8 months, then how much would you have to invest today to purchase the furniture in 8 months?

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