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Simple and Compound Interest Practice Worksheet Form

Simple and Compound Interest Practice Worksheet Form

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Instructions and help about compound intrest practice worksheet

hey guys today we're going to go through different problems for simple and compound interest which actually has a lot of real world examples and applications for example if you put your money into a savings account at the bank they will pay you what's called an interest for keeping your money with them they're basically saying thanks for choosing us and letting us handle your money here's a little bit of extra cash for banking with us this money that you get from interest you get to keep which is basically free money but on the other hand if you borrow money from the bank for example if you took out a loan when buying a car they will charge you an interest or in other words a fee for borrowing their money this is money that you have to pay on top of what you originally borrowed all right let's look at some word problems how much interest do you earn after one year if you put one thousand dollars in the bank with an interest rate of six percent there is actually a formula you can use t

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