Finding Interest Lesson

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  • Today's Lesson: Finding Interest
  • Hey guys! Today we will be learning about finding interest. Let's get right into the lesson.
  • I = p . r . t
  • Interest
  • Principal
  • Rate ( %)
  • Time
  • So today class we will be learning about Finding interest!
  • Now the whole journey is for to find the Interest which is the main part of this whole journey.
  • He keeps kicking me stop!
  • No you stop trying to hit me!
  • The first part of finding interest is the Principal. For example I'll tell you a problem.
  • So what you have to do is multiply the principal and the rate which is the percent and multiply and what you should get is $310.00 which is the commission.
  • Billy also gets a salary of $200.00 a week. How much does she make for the week? Basically you add the money he gets paid at the time so it would be $200 + $310 = $510.00.
  • Billy sold a car for $15,500 and received 2% commission on that sale. What does he earn in commission?
  • Your final answer which is your interest would be that Billy got $510.00 in commission.
  • Thanks for finding interest with us, now we learned our last lesson of the year and it's time to graduate!!!
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