Finance: Simple & Compound Interest 180

Description

This 67 minute lesson deals with simple & compound interest. In the first part of the lesson you will learn how to calculate simple Interest using the formula I = P×r×t. You will learn how to use this formula to find the:
- Principal
- rate
- time
The second part of this lesson covers compound interest using a rate table and then using the compound interest formula A = P(1+i)^n. Using the compound interest formula you will learn to find the Amount. You will also learn how to use this formula to find the:
- Principal
- rate
- time
The rule of 72 is also covered in this lesson.

This lesson contains explanations of the concepts and 20 example questions with step by step solutions plus 5 interactive review questions with solutions.
Lessons that will help you with the fundamentals of this lesson:
- 115 The 5 Basic Exponent Laws
- 135 Solving Linear Equations Part I

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