You are buying a car. Would you prefer a higher rate for a lower term or a lower rate for a longel ferm? Explain your choice.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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SIMPLE INTEREST
You are looking for a bank that will
give you the opportunity to earn the
most interest on your money. You
decided to shop around and see
where yoU can get the most bang for
your buck on a $5,000 deposit.
Bank A
2.2% interest
4 years
Bank D
3% interest
1.25 years
Bank B
1.75% interest
5.5 years
Bank E
0.5% interest
15 years
Bank F
Bank C
Complete the table below to
determine how much interest you can
earn with each bank if you leave your
0.8% interest
9 years
2% interest
S years
money in for the given amount of
time.
Interest
Earned
Workspace
Interest
Earned
Workspace
B
C
quaa
Give three examples of situations in life where you may encounter simple interest.
2.
You are buying a car. Would you prefer a higher rate for a lower term or a lower rate for a longel
term? Explain your choice.
Greg and Jerry are depositing money into savings accounts. Greg deposits $500 into an accour
for 2 years with 2% interest. Jerry despots $700 into a different account for 1 year with 3% interes
Who earns the greatest overall percent interest? Show your work and explain.
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