Unit 4, Lesson 10, Grade 7 icon
Unit 4, Lesson 10

Simple Interest

EngageNY 45 min(s)

Students solve simple interest problems using the given formula. When using this formula, students recognize that units for both interest rate and time must be compatible; students convert the units when necessary. Students complete a two-round Sprint provided at the end of this lesson to practice finding the percent, including fractional percents, of a number. Students solve a simple interest problem to find the new balance of a savings account that earns interest.

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