2F - Simple Interest page 95
Connect the compound interest formula to repeated applications of simple interest using appropriate digital technologies (ACMNA229)
Connect the compound interest formula to repeated applications of simple interest using appropriate digital technologies (ACMNA229)
By the end of this topic can you confidently
recall and apply how simple interest is calculated.
calculate interest using the simple interest formula.
determine the rate of interest based on the interest earned.
calculate the amount owing on a loan and calculate repayment.