Wednesday, May 14, 2014
this week in economic class we covered simple interest and compound interest. we had to learn the formulas to find the two. we were then we where tested on the two. I understand how to find the simple compound but it was hard to comprehend how to find compound interest. we also learned that compound interest is normally better to go with. We also had to pay for two bills the electric one and chair bill. we also got bigger items to buy , I want to save to buy the advantage on the final I have two hundred twenty dollars but if we have to keep paying bills idk if I will be able to save up for it.
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I don't know about you but I always get a little sad when we are handed a bill! I agree it took me awhile to be able to put the compound interest formula in my calculator and get the correct answer. I am also trying to save up the money to buy something but paying these bills is not helping. Keep up the good work!
ReplyDeleteYou are so lucky that you have that much money! Hopefully, we get paid alot more and the we stop getting bills, that would be very helpful. Compound interest gives more money than simple, I never realized that until Mrs. Weser told us. It's weird, but makes sense in a way. I hope you get the advantages on the final! I believe you can do it :)
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