1. Principles of Simple Interest
What you'll learn
- solve for the future value or maturity value
- Solve for the interest amount
- solve for the rate
- Solve for the principal or present value
Requirements
- You will need be able to solve simple algebraic equations. You will need to use your reading abilities to interpret the information given in a problem statement.
- you will need a calculator (a Business Financial calculator would be best).
Description
Using the basic simple interest formulas, you will be able to solve for any of the variables (I, S, P, r or t) when given the values of any three. This course will take you approximately 3-4 hours to complete..
I provide you with a workbook style manual that you can use to fill in with your notes as you are watching the video lectures. This will give you a great comprehensive set of notes for all sorts of interesting problems involving simple interest calculations.
If you wish to understand how time affects the value of money, then this is a good starting course for you..
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Who this course is for:
- This course is intended for students who wish to gain a basic understanding of the simple interest formulas and how they work.
- this course is also intended for those who wish a basic review of simple interest topics
Course content
- 6 pagesSimple Interest - Workbook and Video Examples
- 00:22The BA II Plus Financial Calculator
- Preview06:17
- 6 questionsquiz 1: the basics of simple interest
- Preview03:18
- Preview04:07
- 04:08Examples 5 and 6
- 03:03Examples 7 and 8
- 3 questionsquiz 2
Instructor
![Helen Dakin](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.4 Instructor Rating
- 48 Reviews
- 1,841 Students
- 10 Courses
Hi. I hold a 4 year Bachelor of Mathematics degree from the University of Waterloo and a B Ed (Honours) from the University of Western Ontario. While I have been trained as a high school mathematics educator, I have had the pleasure of teaching mathematics at the post secondary level for four community colleges in southern Ontario. When I am not teaching, I like to fool around with my camera, muck about in the garden, read a good book and sail around in a boat. Not necessarily in that order.
Feel free to browse through all of my Udemy courses on Mathematics of Finance. There are many links to be able to have limited view of some videos and/or notes for most of the courses. This will enable you to have a sneak preview of what you can expect and whether my materials will be of benefit to you. I have listed the courses by number sequencing the order that they should be taken in, however, if you have prior knowledge or experience with simple and compound interest, then you can jump right into the annuities and annuity applications courses. The content covered is closely matched to what is taught at the community college level but is also valuable to those who are interested in financial mathematics.
While much material can be found on YouTube, the topics are consolidated and better organized in this Udemy course format.