Introduction

Welcome to the Simple Interest Word Problems guided learning activity. By the end of this activity, you will be able to set up and solve various kinds of simple interest problems.

Instructions

If at any time you need help please ask a tutor.

Step 1: First, you need to open a PowerPoint with a presentation and activities. Click here to open the PowerPoint.

Step 2: Once the PowerPoint is open, read through slides #1-18. Pay particular attention to the formula and how the example problems are set up by using a table.

Step 3: On a separate piece of paper, work through the two practice problems given in slide #20. Make sure to use a table to set up the problems. Ask a tutor for help if you get stuck.

Step 4: Check your answers on slide #21. If you did not get all four practice problems correct, go on to slides #22-25 and determine where you went wrong. Next to each practice problem on your scratch paper, write down in complete sentences what you did wrong and what steps you can take so that you will not make the same mistake again in the future.

Step 5: Let’s see how much you have learned by completing this quiz. Use a blank sheet of paper for your work. Once you are done, ask a tutor to go over your quiz results and the self-evaluation with you.

That's it! Thank you for taking the time to learn about solving simple interest word problems.