How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.

Concepts

interest, interest rates, simple interest, converting percents to decimals, time intervals

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Additional Tags

math

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Instructional Ideas

• Research to find when calculating simple interest is appropriate
  

Classroom Considerations

• Pupils should be comfortable multiplying with decimals and converting fractions to decimals
• The second video solves the simple interest formula for all four variables, which may be too advanced for some
  

Pros

• Includes an answer key
• Provides practice in converting the number of days to a fraction of a year

Cons

• Contains a Pencast that does not load

Common Core

6.RP.A.3.c 7.RP.A.3 MP1 MP4 MP6