The student will solve single-step and multistep practical problems, using proportional reasoning.
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The total value of an investment is equal to the sum of the original investment and the interest earned.
Ratios may or may not be written in simplest form.
The total cost of a loan is equal to the sum of the original cost and the interest paid.
Compute the simple interest and new balance earned in an investment or on a loan given the principal amount, interest rate, and time period in years.
The order of the values in a ratio is directly related to the order in which the quantities are compared.