Simple Interest

Simple Interest

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Open Ended

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if not then write your learning?

Multiple Choice

Amount is equal to __________?

• Rate + Time

• Principal + Interest

• Interest + Rate

• Principal + Time

GET ready for skill Practice

Do any 2 task from the next slides.

Kindly go through slid number 10 to 13 and based on your comfort level do any two task in your notebook and type final answer.

If you want more practice for the same concept you can use mindspark and Practice Simple interest topic which is marked as priprity

Open Ended

TASK 1

Iva wants to deposit Dh 5000 in the bank for next 4years. Help her to take right decision by answering following questions.

Q.1 Emirates NBD bank gives her 5% interest for money she will deposit, how much interest she will receive after 4 years?

Q.2 How much amount she will get at the end of 4 years.

Amount = Principal + interest

Open Ended

TASK 2

Mohan deposited a sum of Rs. 800 in a bank. After 2 years, the bank gave Mohan an interest of Rs 128. What is the interest rate that the bank is offering?

Multiple Choice

TASK 3

Abby earned Rs 600 this past summer babysitting. She decided to put this money in a bank that earns a 5% simple interest rate. How many years will it take to double her initial deposit?

• 10

• 12

• 15

• 18

• 20

Open Ended

RESEARCH

"What are the practical limitations of the simple interest formula compared to compound interest in real-world financial modeling?(Use your device for research work)

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