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NY Regents Exam - Integrated Algebra: Help and Review25 chapters | 272 lessons | 12 flashcard sets

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There are four steps to solving interest problems, and this quiz/worksheet combo will help you test your understanding of the whole process. These practice questions will ask you to perform calculations using the steps involved.

In these assessments, you'll be tested on:

- Calculating the total amount of money in an account given the interest rate and time the money stays in the account
- Determining how many years it will take to gain a certain amount of money given the interest rate and original deposit
- Determining the interest rate needed to gain a certain amount of money over a certain amount of time

**Reading comprehension**- ensure that you draw the most important information about interest problems from the related lesson**Critical thinking**- apply relevant concepts about the interplay between time, interest rates, and balances in order to examine these problems in a different light**Problem solving**- use your acquired knowledge to solve interest practice problems**Knowledge application**- use your knowledge to solve interest problems that ask for one of three different answers involving either time, the interest rate itself, or the account balance

Take a look at the accompanying lesson entitled How to Solve Interest Problems: Steps & Examples to delve deeper into the subject. This lesson covers the following objectives:

- Define interest, interest rate, and principal
- Describe the four steps to solving interest problems
- Understand that this lesson covers simple interest and not compound interest
- Understand how to answer interest questions asking for one of three possible answers involving time, the interest rate, or the account balance

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Lesson
7 in chapter 16 of the course:

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NY Regents Exam - Integrated Algebra: Help and Review25 chapters | 272 lessons | 12 flashcard sets

- Ratios & Rates: Definitions & Examples 6:37
- How to Solve Problems with Money 8:29
- Proportion: Definition, Application & Examples 6:05
- Calculations with Ratios and Proportions 5:35
- Percents: Definition, Application & Examples 6:20
- How to Solve Word Problems That Use Percents 6:30
- How to Solve Interest Problems: Steps & Examples 6:05
- Taxes & Discounts: Calculations & Examples 8:07
- How to Solve Problems with Time 6:18
- Distance Formulas: Calculations & Examples 6:31
- Calculate Percentages: Formula & Overview 4:46
- What's 20 Percent of 1000? - How-to & Steps 3:29
- Go to Ratios, Percent & Proportions: Help & Review

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