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The interest formula shows how interest, rate, and time are related. It gives you a way of finding one of these values if the other three values are known. Even though you try to be careful in your calculations, there will always be that occasion when you make an error and end up with an incorrect answer. You can avoid such errors by first predicting what a reasonable answer might be by estimating. As an example, if you have an 11.2% interest, you could use 11% to estimate what the correct result would be.
Search the internet to find an application of simple interest that you find interesting, that you encounter on a daily basis or that you find in your profession.
How could you avoid an error by using a pre-estimation? Present this application to the class and explain why you choose the example.
In what ways do you use estimating in your everyday life?
Identical twins must be the same sex, but the sexes of fraternal twins are independent. Find What is the probability of fraternal twins
A poster is to have an area of 150 in2 with 3 inch margins at the bottom and sides and a 5 inch margin at the top. What dimensions will give the largest printed area? (Give your answers correct to one decimal place.)
James borrows $12,000 for equipment so that he could do some of his personal training work in his garage. He agreed to repay $13,200 after 300 days. Find the amount of interest and the interest rate.
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If the material for the base costs $0.30 per square foot, the material for the sides costs $0.05 per square foot, and the material for the top costs $0.20 per square foot, determine the dimensions of the box that can be constructed at minimum cost..
A computer manufacturer assigns serial numbers to its computers. The first symbol of a serial number is either A, B, or C, indicating the manufacturing plant. The second and third symbols taken together are one of the numbers 01, 02,...,12, indica..
Find the average value of the function f(x) = cos^3x on the interval 0
Suppose that in 30 years you want to accumulate a balance of $350,000. You deposit a sum of money into a savings account that earns an APR of 5.5% compounded monthly
For the function below, find a) the critical numbers, b) the open intervals where the function is increasing, and c) the open intervals where the function is decreasing.
the perimeter of a rectangular concrete slab is 94 feet and its area is 462 square feet. What ids the length of the longer side of the slab.
A windshield wiper is 3 feet long and the blade is 2 feet long. If the wiper can trace out an angle of 110 degrees, what area can the blade wipe?
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