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3 Cards in this Set

  • Front
  • Back

I=PRN

I is interest


P is principal (amount of money)


R is rate


N is number of time periods

Simple Interest calculating in months

6 months = 1/2 years


3 months = 1/4 years


9 months = 3/4 years


2 months


12. X interest



5 months X. Interest


12

Simple interest graphs

1. Construct a table


2. Draw a number plane


3. Join the plots