Patrick Jmt: Understanding Simple Interest and Compound Interest

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...

Make a connection between different types of interest and how they are calculated! This algebra II lesson progresses from simple interest to compound interest to continually compounded interest. Formulas are developed rather than given,...

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...

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

Watch as the Secret Math Tutor demonstrates how to compute simple interest in a helpful math video. The narrator poses a word problem and formula before working through the problem, complete with explanation and work shown.

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

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...

View this tutorial for more than just a description of the formula for compound interest! An instructor goes through a problem, showing how to find simple interest and compound interest. After she completes each version, she explains the...

Interest can be both a best friend and an enemy...show your learners how it can manifest through this set of 10 word problems. For each, they calculate time, principle, interest, or rate and choose an answer from multiple choice...

Looks at compound interest and at the special circumstances of periodic compounding where interest may be calculated annually or semi-annually, for example, and how that affects the interest rate. Presents examples of different...