My terrific shelf by Jessica Kelly https://padlet.com/jessicakelly/erodwiey4j6j Made with magic en-us 2018-03-01 22:13:24 UTC 2018-03-02 18:17:29 UTC hello@padlet.com It relates because there is a pattern on the ribbon is sort of simple, so that is simple interest. Also since it is all messed up, it is compound interest since it is hard to find, like how it would be hard to find the end of the ribbon. https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529405 2018-03-02 18:03:31 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529405 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529646 It applies to what we've been learning because interest repeats each year and the picture is the same and repeats the pattern]]> 2018-03-02 18:03:55 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529646 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529695 maybe like the 4 quadrant graph, like with 4 rhombus.


]]> 2018-03-02 18:04:02 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529695 Difference Between Simple and Compund https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529742 Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as “interest oninterest.” There can be a big difference in the amount of interest payable on a loan ifinterest is calculated on a compound rather than simple basis.]]> 2018-03-02 18:04:09 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529742 Simple : It's the interest charge on a loan. Compound : Compound interest is based on the principal amount and the interest in every period. https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529824 2018-03-02 18:04:17 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237529824 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530332 endless and beautiful, like earning interest forever.]]> 2018-03-02 18:05:27 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530332 Simple interest~ is repeating https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530372 compound interest~is calculated interest

]]> 2018-03-02 18:05:33 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530372 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530391 simple is one amount
compound is always multiplying the previous amount by 1.00 + x]]> 2018-03-02 18:05:35 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530391 Simple interest is when you get interest of the original amount. While compound interest is where you get interest based off of the interest you already got. https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530533 2018-03-02 18:05:49 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530533 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530960 Simple is earning the same amount forever. Compound is earning interest and then earning interest on that interest.]]> 2018-03-02 18:06:43 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237530960 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531475 The colors repeating mean that the interest is repeating and adding on more.]]> 2018-03-02 18:07:50 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531475 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531658 compound is better in the long run and simple is better in the short run ]]> 2018-03-02 18:08:14 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531658 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531709 It's compound because the pattern is getting longer and the colors are repetitive.]]> 2018-03-02 18:08:19 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531709 It is repeating like interest. Each year is a new rhombus https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531933 2018-03-02 18:08:45 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531933 Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as “interest on interest.” https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531957 2018-03-02 18:08:48 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237531957 The Difference https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532012 Compound- Is always getting multiple by itself(so original number  time x and then to the x power).
Simple-  ]]> 2018-03-02 18:08:54 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532012 it is repeating like simple interest https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532017 2018-03-02 18:08:55 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532017 compound interest is calculated on the principal amount https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532063 2018-03-02 18:08:58 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532063 Like the interst rate goes up pattern like. And also when we did that paper cut out thing. Dr.Katie gave a diamond as an example. https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532566 2018-03-02 18:09:55 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532566 Gabriel p Watson (a good friend) https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532773 Compound rises but simple stays the same?]]> 2018-03-02 18:10:20 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532773 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532790 Compound is good for a long time and simple is good for a short amount of time.
 ]]> 2018-03-02 18:10:22 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532790 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532957 simple is better in the short run like for only a couple months. Compound is better almost always, especially in the long run.]]> 2018-03-02 18:10:41 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237532957 https://padlet.com/jessicakelly/erodwiey4j6j/wish/237533188 simple is the charge of a loan and compound interest is "interest on interest" which is interest from previous periods that have not yet been paid.]]> 2018-03-02 18:11:14 UTC https://padlet.com/jessicakelly/erodwiey4j6j/wish/237533188