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7.13E Calculating and comparing simple and compound interest.notebook
1
October 02, 2014
math on the spot
Stretch: How do you find what a savings account earns in a year?
p. 411
7.13E Calculating and comparing simple and compound interest.notebook
2
October 02, 2014
p. 411
7.13E Calculating and comparing simple and compound interest.notebook
3
October 02, 2014
7.13E Calculating and comparing simple and compound interest.notebook
4
October 02, 2014
p. 412
7.13E Calculating and comparing simple and compound interest.notebook
5
October 02, 2014
7.13E Calculating and comparing simple and compound interest.notebook
6
October 02, 2014
p. 413
7.13E Calculating and comparing simple and compound interest.notebook
7
October 02, 2014
p. 414
7.13E Calculating and comparing simple and compound interest.notebook
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October 02, 2014
Susan John
Principal $6,000 $6,000
Interest 4% 4%
Type of Interest Simple Compound Annually
Susan and John invested money as shown in the table. What is the difference in their starting balances in Year 5?
Susan end of year 4 has $6960.00
John end of year 4 has $7019.15
Difference is $59.15
7.13E Calculating and comparing simple and compound interest.notebook
9
October 02, 2014
7.13E Calculating and comparing simple and compound interest.notebook
10
October 02, 2014
p. 414
7.13E Calculating and comparing simple and compound interest.notebook
11
October 02, 2014