Compound interest
Financial arithmetic
General Mathematics: Units 1 and 2
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Having already looked at Simple Interest in a previous video (and what a video it was!), I now look at Compound Interest ... which seems to be a much fair way to gain money (well, if you're investing!). Compound interest basically describes when you get interest on the interest each year and so you get a little bit more each time. This video is part of the Financial maths section of the General Maths course (VCE) and looks at how to find the Compound Interest on principal investments and loans. There are a number of worked examples and a detailed explanation of how the formula works. All explained in my unique and easy to understand style!
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