Math Projects on Simple Interest?

Answer Students need to understand how to calculate simple and compound interest in order to complete many algebra word problems. In fact, understanding how simple interest works can also help students av... Read More »

Top Q&A For: Math Projects on Simple Interest

Does a simple interest mortgage charge interest?

A simple interest mortgage does charge interest, but it is calculated differently that on a traditional mortgage. Simple interest is based on the balance of the loan each day, as opposed to each mo... Read More »

How do i calculate simple interest?

Calculate Interest Per YearMultiply the annual interest rate by the principal of the account. For example, if you left $500 in an account that paid 3 percent interest, you would multiply $500 by 0.... Read More »

How to Calculate Simple Interest?

Simple interest is the amount of interest paid based on only the original amount lent or borrowed, rather than being based on accumulating interest. The formula for this is very simple: I=PRT, wher... Read More »

Simple Interest Vs. Traditional Mortgage?

In a simple interest mortgage, the interest is calculated daily; with a traditional mortgage, the interest is calculated monthly. Which one is right for you depends on how timely you expect to be w... Read More »