Description:

Worksheets in Printable PDF about applying the rearranged simple interest formulas to solve problems involving investing and borrowing money

Level of Difficulty: Advanced

Grades: 9th to 12th

Outcomes: Students

· recognise the rearranged simple interest formulas where

 I is the interest, P is the principal, R is the annual interest rate, T is the number of periods (years, months, etc) and A is the final amount

· apply the rearranged simple interest formulas to solve problems involving investing and borrowing money

· selects and uses appropriate strategies to solve problems

Prior Knowledge:

Students should have already studied decimals and percentages.

Also suitable for Australian Curriculum

Solve problems involving simple interest (ACMNA211)

apply percentage increase or decrease in various contexts; for example, determining the impact of inflation on costs and wages over time, calculating percentage mark-ups and discounts, calculating GST, calculating profit or loss in absolute and percentage terms, and calculating simple and compound interest (ACMGM006)

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