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Learning Goal
Part of: Use proportional relationships to solve multistep ratio and percent problems — 4 of 4 standard items
Compound Interest
7.RP.A.3
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What you'll learn
- Explain the difference between simple and compound interest
- Calculate compound interest for annual compounding using repeated multiplication
- Apply the compound interest formula A = P(1 + r)^t for annual compounding
- Compare simple and compound interest outcomes
- Recognize exponential growth in financial contexts
Prerequisites
Slides
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Slides
In development
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