Money

/Tag: Money
3 07, 2018

Budgeting & Expenses

By |2018-12-05T15:37:04+10:00July 3rd, 2018|Tags: , , , , |0 Comments

Budgeting & Expenses Go to the Forum to see more questions or ask your own Topics Covered in Budgeting & Expenses Household Expenses Vehicle Expenses Phone Bills Budgeting GST Formulas used in Budgeting & Expenses Simple Interest I = PRN P = principle [...]

3 07, 2018

Finance

By |2018-07-03T20:22:52+10:00July 3rd, 2018|Tags: , , |0 Comments

Finance Go to the Finance Forum to see more questions or ask your own Topics Covered in Finance Interest & Depreciation Simple Interest Percentage Increase and Decrease GST Straight Line Depreciation Earning & Managing Money Wages & Salaries Commission, Piecework & Royalties [...]

26 07, 2016

Credit Cards

By |2016-11-07T19:52:20+10:00July 26th, 2016|Tags: , , , , |0 Comments

Credit Cards I = PRN I = interest P = principal, original amount borrowed or invested R = interest rate as a decimal N = length of the loan or investment worked examples Georgia has a credit card with an interest rate of 11.9% p. a., calculated as simple interest on [...]

25 07, 2016

Purchasing

By |2016-10-21T13:16:59+10:00July 25th, 2016|Tags: , , , |0 Comments

Purchasing worked examples Julie loves candles and bought lots of different ones at a market. She bought 7 for $3 each, 5 for $6 each, 9 for $9 each and 3 for $12 each. a. How much money did she spend in total? b. If Julie only bought $4 [...]

25 07, 2016

Simple Interest Finding R

By |2016-10-21T13:16:59+10:00July 25th, 2016|Tags: , , , , |0 Comments

Simple Interest Finding R $$R=\frac{I}{PN}$$ N = length of the loan or investment P = principal, original amount borrowed or invested I = interest R = interest rate as a decimal worked examples Greg invested $1150 for 6 years and earned simple interest of $296.25. What was the interest rate per annum? $$R=\frac{296.25}{1150\times6}$$ [...]

24 07, 2016

Simple Interest Finding N

By |2016-10-21T13:16:59+10:00July 24th, 2016|Tags: , , , , , |0 Comments

Simple Interest Finding N $$N=frac{I}{RP}$$ N = length of the loan or investment P = principal, original amount borrowed or invested I = interest R = interest rate as a decimal worked examples Brett invested $960 at 6%pa and earned simple interest of $23.50. For how many months was the money invested? $$N=\frac{23.50}{960\times6\%}$$ [...]

24 07, 2016

Simple Interest

By |2016-10-21T13:16:59+10:00July 24th, 2016|Tags: , , , , |0 Comments

Simple Interest I = PRN I = interest P = principal, original amount borrowed or invested R = interest rate as a decimal N = length of the loan or investment worked examples Calculate the simple interest earned on savings of $850 at 6%pa for 7 years.  I = 850 × 6% × 7 = [...]

Show Buttons
Hide Buttons