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.
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1,074 students enrolled
Instructed by Helen Dakin Business / Finance
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  • Lectures 13
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2014 English

Course 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.

What are the 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)

What am I going to get from this course?

  • solve for the future value or maturity value
  • Solve for the interest amount
  • solve for the rate
  • Solve for the principal or present value

What is the target audience?

  • 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: The Simple Interest Formulas
6 pages

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

The BA II Plus Financial Calculator
Article
06:17

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

6 questions

Quiz Description

03:18

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

04:07

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

04:08

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

03:03

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

quiz 2
3 questions
Section 2: Simple Interest - Part 2
Part 2 - Workbook and Video Examples (examples 9-17)
5 pages
05:38

We solve the problems given in Example 9 and 10

quiz 3
2 questions
04:44

We solve the problems given in Example 11 and 12

quiz 4
3 questions
03:11

We solve the problems given in Example 13 and 14

quiz 5
2 questions
07:11

We solve the problems given in Examples 15 to 17

quiz 6
1 question
additional reference
Article

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Instructor Biography

Helen Dakin, Learning & Development (L&D)

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.

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