Scribd
Upload
43 views23 pages

Lesson 3.1 Simple Interest

The document discusses simple interest, which is interest paid on the principal amount only without compounding. It defines simple interest and explains the formula for calculating simple interest as I=Prt, where I is interest, P is principal, r is interest rate, and t is time.

Uploaded by

Eliza Calixto-Sorianosos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
43 views23 pages

Lesson 3.1 Simple Interest

The document discusses simple interest, which is interest paid on the principal amount only without compounding. It defines simple interest and explains the formula for calculating simple interest as I=Prt, where I is interest, P is principal, r is interest rate, and t is time.

Uploaded by

Eliza Calixto-Sorianosos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Simple Interest

The student will decode and guess the word and use the given letters within the given time.
P N I R G Clear
I C P A L Send
T N I R G Clear
T E P E S Send
T M I R G Clear
T E P E S Send
❑ -It is the money paid for the use of the borrowed money.
❑ -refers to the quantity of money that is paid for the use of invested or loaned
capital.

earnings of their cost of using someone


investment else’s money
original amount of ratio of the interest earned in
one-time unit (one year) to
investment or loan the principal

Loan/deposit term
eg. 1 yr. , 2yrs. etc. Principal+Interest
When simple interest
The interest paid that is due is not paid,
on the principal the amount is added
(money borrowed to the interest-
or lent) only is bearing principal. The
interest calculated on
called simple
this new principal is
interest. called compound
interest.
When interest is
added to the principal
at the end of the
stipulated time, the
Where:
total sum is called the
I- Simple Interest
Future Amount (F).
P- Principal
r- rate of interest
t-length of time

You might also like