Simple and Compound Interest

1
Simple and Compound Interest
COURSE 3 LESSON 6-8
A student deposits 150 into a bank that pays 6
simple interest. Find the interest earned in 4
years.
In 4 years, the interest earned is 36.
6-8
2
Simple and Compound Interest
COURSE 3 LESSON 6-8
You deposit 300 in an account that earns 8
simple interest. Find the final balance in the
account after 3 years.
First, find the interest earned.
In 3 years, the interest earned is 72.
Next, find the final balance in the account.
The final balance in the account is 372.
6-8