01:640:106 Lecture Notes - Lecture 10: Growth Factor, Compound Interest, Interest
20 Oct 2016
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Math 106 - exam #1 study guide: general knowledge (relates to all areas of the course) Be able to convert between percent and decimal. Be able to convert between years/quarters/months/weeks/days/hours/minutes/seconds/dog years (dog year = 1/7 of a year). Know the order of operations, and how to get your calculator to do calculations in the correct order. For example, you should be able to calculate an expression like. 12 months/year x 1 year/8760 hours x 1 hour/3600 seconds = 12 months/8760(3600) = . 000000381 months/per second: simple interest / simple discount (i = prt and d = mdt) Recognize which variable the problem is asking for. Know that the total value of an account (or the total payback amount of a loan) is p+i or m. Know that the amount deposited in an account (or the amount borrowed) is p (principal) or. Be able to convert any simple interest problem into a simple discount problem.
