Solve problems involving simple interest(ACMNA211)
LO: To calculate simple interest.
Know:

What interest represents.

Term definitions such as principle, interest, time and rate.

How to manipulate formulas to rearrange for unknown values.

How to convert between decimals, fractions and percentages.
Understand:

That a quantity can grow by a set amount over a set period of time.
Do:

I can calculate the simple interest of a quantity.
Essential Questions:

What is a percentage?

Why is a percentage always out of 100?