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.
These video notes can be printed in advance of viewing the video lessons and can be used as a workbook.
We discuss the language or terminology used in simple interest. The basic formulas are also given. (page 1 of the workbook)
We solve the problems given in Example 5 and 6 (page 4)
We solve the problems given in Example 7 and 8 (page 5)
We solve the problems given in Example 9 and 10
We solve the problems given in Example 11 and 12
We solve the problems given in Example 13 and 14
We solve the problems given in Examples 15 to 17
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 my garden, read a good book and sail around in my boat. Not necessarily in that order. Browse through all of my Udemy courses on Mathematics of Finance.