You Know That Several of Your Classmates Are Cheating on Tests

question 7

Essay

You know that several of your classmates are cheating on tests and papers with students from another school.Because the schools are not part of an integrated system,the cheating is quite successful.The students are doing well,while not working hard at all.You are frustrated and angry and don't know what to do.
Use the Three-Step Problem-Solving Approach to find a solution.

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Definitions:

Compound Interest

Calculating interest that includes both the original principal amount and all previously accumulated interest on a loan or deposit.

Simple Interest

The method of calculating interest charges based on the principal amount only, not compounding on accumulated interest.

Deposit

A sum of money placed into a bank account or given as security for a contractual obligation.

Ordinary Annuities

Fixed payments received or paid out over a designated series of periods where the payments occur at the end of each period.