Compound interest
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Chapters
Introduction
Learning objectives
Recap: Simple interest formula
Compound Interest
Compound interest example
A quicker way to work out the end of year amount
The compound interest formula
Finding the interest earned
Example 1
Example 2
Using the CAS
Comparing simple interest and compound interest
Summary
Compound interest
Financial arithmetic
Year 11
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!
Published: April 16, 2021
Length: 16 mins and 32 seconds
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vce maths maths tutorials Compound Interest year 11 general maths vce general maths year 11 math grade 11 maths finding compound interest what is compound interest compound interest formula examples of compound interest unit 1 and 2 math future value compound interest investment
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