{"id":1086,"date":"2017-01-11T01:00:24","date_gmt":"2017-01-11T01:00:24","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/?post_type=chapter&#038;p=1086"},"modified":"2019-05-30T16:54:17","modified_gmt":"2019-05-30T16:54:17","slug":"introduction-how-interest-is-calculated","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/chapter\/introduction-how-interest-is-calculated\/","title":{"raw":"Introduction to Simple and Compound Interest","rendered":"Introduction to Simple and Compound Interest"},"content":{"raw":"We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.\r\n\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/1141\/2017\/02\/02232307\/interest.jpg\"><img class=\"size-medium wp-image-1313 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/1141\/2017\/02\/02232307\/interest-300x172.jpg\" alt=\"\" width=\"300\" height=\"172\" \/><\/a>","rendered":"<p>We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.<\/p>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/1141\/2017\/02\/02232307\/interest.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1313 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/1141\/2017\/02\/02232307\/interest-300x172.jpg\" alt=\"\" width=\"300\" height=\"172\" \/><\/a><\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1086\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction and Learning Objectives. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>interest. <strong>Authored by<\/strong>: NY. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/www.picserver.org\/i\/interest.html\">http:\/\/www.picserver.org\/i\/interest.html<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":21,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"interest\",\"author\":\"NY\",\"organization\":\"\",\"url\":\"http:\/\/www.picserver.org\/i\/interest.html\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Introduction and Learning Objectives\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"afa2eac1-141a-4a77-8178-ba8002d96d2a","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1086","chapter","type-chapter","status-publish","hentry"],"part":377,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapters\/1086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":7,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapters\/1086\/revisions"}],"predecessor-version":[{"id":3013,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapters\/1086\/revisions\/3013"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/parts\/377"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapters\/1086\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/wp\/v2\/media?parent=1086"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/pressbooks\/v2\/chapter-type?post=1086"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/wp\/v2\/contributor?post=1086"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/wp-json\/wp\/v2\/license?post=1086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}