 | Simple Interest
Learning Objectives
LU 10–1: Calculation of Simple Interest and Maturity Value- Calculate simple interest and maturity value for months and years.
- Calculate simple interest and maturity value by (a) exact interest and (b) ordinary interest.
LU 10–2: Finding Unknown in Simple Interest Formula- Using the interest formula, calculate the unknown when the other two (principal, rate, or time) are given.
LU 10–3: U.S. Rule—Making Partial Note Payments before Due Date- List the steps to complete the U.S. Rule.
- Complete the proper interest credits under the U.S. Rule.
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