Compound Interest and Depreciation

Mary, Mary, quite continuously, how does your money grow? Uses examples to examine the difference between simple interest and compound interest, and to take a look at different rates of compounding. Learners explore what would happen as...

Your young economists will be amazed at the effect of compounding interest more frequently in this collaborative task about making sound financial choices. Learners are walked through the calculations of a couple of examples and then...

Your learners will get lots of practice calculating simple and compound interest by the end of this lesson. Simple explanations and examples lead learners through the concepts and steps of calculating simple and compound interest...

The balance in an account continuously compounding interest is the context of this engaging task. Your young accountants will investigate the ending balance in an account as they compound the interest more and more. Learners write the...

Sal continues to look at changing the length of compounding time, from daily to hourly compounding interest. Now he is able to show that compounding 100% annual interest converges on the number 2.71É or e as the number of compounding...

Continuing with the lesson on compound interest, in this video, Sal derives the general formula for any amount of principle, interest rate, and compounding periods over one year.

Here is a simple tutorial on the difference between simple and compound interest. In it, Sal describes what interest is, defines the vocabulary of principle and interest rate. He also models year-by-year the amount of money owed under...

Another example of simple interest and compound interest (compounded yearly) is explored in this video.

My great-great-great-grandfather would owe how much? The resource provides a scenario of finding the amount due on a library fine compounded continuously one hundred years later. The presenter substitutes values into the exponential...

Provide a real world context in which exponential functions are used to determine a eal world phenomena such as compound interest and exponential growth. This lesson plan should be taught after students have mastered the laws of...