Quiz on finding the simple interest for students. Interest is money earned over an initial amount saved over a period of time. The interest increases at a given rate. This rate affects the initial value of the sum of money. Simple interest is figured out by multiplying the daily interest rate (on a sum of money) by the principal by the number of days that elapse between payments. Solving simple interest problems integrates variables of time and amount of money. 4th, 5th, 6th and 7th grades math activity on money
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