Instructional Video

What is the Formula for Simple Interest?

Curated and Reviewed by Lesson Planet

I=prt is the formula for interest. What does each variable represent? I =interest, p =amount originally invested, r =rate of interest (usually in percent), t =time. Now all you have to do is plug in the numbers and do the calculations.

10 Views 7 Downloads
Resource Details
Grade
6th - 12th
Subjects
Math
3 more...
Media Length
2:11
Instructional Strategy
Flipped Classroom
Usage Permissions
Fine Print