5th Grade, Module 10: What is Simple Interest?
When we see “4% interest on car loans”, “3% EMI rate”, etc. on banners or in advertisements, that 4% and 3% is called the interest. There are two branches of calculating interest: Simple Interest and Compound Interest. In this chapter, we will study only simple interest. Simple interest is as important chapter as profit and loss in our daily life as well as in business. Through this chapter we will learn the concept of interest, principal amount, loan repayment time and total amount repayable for loan.
Related Articles
Grade 5 US Common Core Mathematics Curriculum
Grade 5 Mathematics Curriculum In Grade 5, instructional time focuses on three critical areas: (1) Developing fluency with the addition and subtraction of fractions, and developing an understanding of the multiplication and division of fractions in ...
Grade 8 US Common Core Mathematics Curriculum
Grade 8 Mathematics Curriculum In Grade 8, instructional time should focus on three critical areas: (1) Formulating and reasoning about expressions and equations, including modeling an association in bivariate data with a linear equation, and solving ...
Grade 7 US Common Core Mathematics Curriculum
Grade 7 Mathematics Curriculum In Grade 7, instructional time should focus on four critical areas: (1) Developing an understanding of and applying proportional relationships; (2) Developing an understanding of operations with rational numbers and ...
Grade 6 US Common Core Mathematics Curriculum
Grade 6 Mathematics Curriculum In Grade 6, instructional time should focus on four critical areas: (1) Connecting ratio and rate to whole number multiplication and division and using concepts of ratio and rate to solve problems; (2) Completing an ...
5th Grade, Module 7: What are Percentages?
Percentages We often hear “Flat 40% off”, “Loan at 10% interest rate”, “Secured 90% in exams” and so on. But what does “%” mean? In this chapter we will understand percentages and learn how calculating percentages can help us in daily life. After ...