Standard #: MA.912.F.1.3 (Archived Standard)


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Demonstrate the relationship between simple interest and linear growth.


Remarks


Example: Find the account balance at the end of each month for a 5 month span for $1500 @ 3 % interest based on simple interest for 1 year. Graph this scenario and explain if this is a linear or exponential problem.

Related Courses

Course Number1111 Course Title222
1200500: Advanced Algebra with Financial Applications (Specifically in versions: 2014 - 2015 (course terminated))
7912105: Fundamental Consumer Mathematics (Specifically in versions: 2013 - 2015, 2015 - 2017 (course terminated))


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