5.2 Mathematical Models in Banking

EQ: What is simple interest?

Notes: I = P r t Interest = Principle * rate * time

Don’t forget rate is always in decimal form, not percent.

Prep work: Textbook: p216(11-14) p225(1-16)

Retake Assignment (complete retest by 10/18):

p23(3-8, 17-27) p25(13-15) p47(1-7, 11-16, 21, 22) p49(8-12)

You also must complete at least 50% of the problems from all missing assignments.

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