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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.
4.8 (5 ratings)
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1,073 students enrolled
Created by Helen Dakin
Last updated 1/2014
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  • 42 mins on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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.

Who 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
Students Who Viewed This Course Also Viewed
What Will I 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
View Curriculum
  • 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)
Curriculum For This Course
Expand All 13 Lectures Collapse All 13 Lectures 53:08
The Simple Interest Formulas
7 Lectures 21:09

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

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

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

Examples 7 and 8

quiz 2
3 questions
Simple Interest - Part 2
6 Lectures 20:48
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

quiz 3
2 questions

We solve the problems given in Example 11 and 12

Examples 11 and 12

quiz 4
3 questions

We solve the problems given in Example 13 and 14

Examples 13 and 14

quiz 5
2 questions

We solve the problems given in Examples 15 to 17

Examples 15 - 17

quiz 6
1 question

additional reference
About the Instructor
4.1 Average rating
14 Reviews
1,697 Students
10 Courses
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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