1. Principles of Simple Interest
4.5 (9 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,090 students enrolled

1. Principles of Simple Interest

In this course I will introduce you to the basic simple interest formulas and how to solve problems with them.
4.5 (9 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,090 students enrolled
Created by Helen Dakin
Last updated 2/2014
English
English [Auto-generated]
Current price: $13.99 Original price: $19.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 42 mins on-demand video
  • 2 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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
Expand all 13 lectures 53:08
+ The Simple Interest Formulas
7 lectures 21:15

These video notes can be printed in advance of viewing the video lessons and can be used as a workbook.

Simple Interest - Workbook and Video Examples
6 pages
The BA II Plus Financial Calculator
00:22

We discuss the language or terminology used in simple interest. The basic formulas are also given. (page 1 of the workbook)

Preview 06:17

Quiz Description

quiz 1: the basics of simple interest
6 questions

We solve the problems given in Example 1 and 2 (page 2)

Preview 03:18

We solve the problems given in Example 3 and 4 (page 3)

Preview 04:07

We solve the problems given in Example 5 and 6 (page 4)

Examples 5 and 6
04:08

We solve the problems given in Example 7 and 8 (page 5)

Examples 7 and 8
03:03
quiz 2
3 questions
+ Simple Interest - Part 2
6 lectures 20:52
Part 2 - Workbook and Video Examples (examples 9-17)
5 pages

We solve the problems given in Example 9 and 10

Examples 9 and 10
05:38
quiz 3
2 questions

We solve the problems given in Example 11 and 12

Examples 11 and 12
04:44
quiz 4
3 questions

We solve the problems given in Example 13 and 14

Examples 13 and 14
03:11
quiz 5
2 questions

We solve the problems given in Examples 15 to 17

Examples 15 - 17
07:11
quiz 6
1 question
additional reference
00:08