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.