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Simple Interest

Title: The Source

Goal: The learner should be able to solve percent problems such as percent of increase/decrease (discounts, original price, rate of discount, sale price, marked-up price), commission, sales tax, and simple interest.

Covered Competencies:

  • analyze the advantages and disadvantages of borrowing money with interest

  • solve problems involving simple interest; and

  • apply the formula to the given set of problems involving simple interest.

Go to a bank with your group members and look for a loan pamphlet. Determine the requirements in applying a loan. Identify the interest rate per year, mode of payment, and other related information for the loan. Suppose that you will be applying for a loan, what are your considerations? Prepare a PowerPoint presentation of the results of tasks.

 

Rubric for the PowerPoint presentation:

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