Your Charges

Twix $30.00 x ________ = ___________ Interest = 8%

Milky Way $25.00 x ________ = ___________ Time = 1 month
3 Musketeers $20.00 x ________ =___________
Snickers $10.00 x ________ =___________
TOTAL = ______________ = PRINCIPAL

Formula for Simple Interest I = PRT

To calculate your total cost: First compute your interest. Second add the computed interest to
the principle.
Calculate your total cost
and write below:
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𝒓 𝒏𝒕
Formula for compound interest 𝑨 = 𝑷 (𝟏 + 𝒏)

Use the same information from above but let N (the number of times compounded) equal 4.

Write your balance below:

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