Sign-up today to join over 5 million learners already on ALISON:

Introduction to Simple and Compound Interest Fact Sheet

Course Rating (By Learners)
Course Title Introduction to Simple and Compound Interest
Course # 457
Course Publisher Khan Academy
Course Category Financial & Economic Literacy
Content Origin
Course Description  Any person with a bank account, credit card or bank loan will come across aspects of simple interest and compound interest. However, many people have difficulty in distinguishing between the two types of interest and how they should be calculated. In this free online course you will learn why simple interest is called simple interest, how simple interest is used in daily life and how it is calculated. Compound interest, as the name implies, is a little more complicated but this course explains the concept clearly and covers the methods used for calculating compound interest. This course will be of great interest to all learners who are intimidated by financial concepts such as simple interest and compound interest, and would like to study a course that explains these concepts in a step-by-step and easy to follow manner.
License  This course is available from Khan Academy OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Course Outline View
Course Comments View
Start Page  View
Release Date 10 August 2012
Course Duration (Avg Learner) 1-2 Hours
Video/Audio High
Audio Only High
Animation None
Assessments Yes
Education Level
Equivalent to FETAC Level Level 5
Equivalent to QCF Level (UK) Level 3
Other Higher High Secondary School
Age appropriateness 16+ Years
Minimum Grade/Class Level Post-Secondary
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
Merchandise Availability
Marketing Information
Case Study We are currently seeking case studies for this course. Click here to Submit One
Course Advisor We are currently seeking subject experts regarding this course. Click here to become a volunteer subject expert advisor
Course Forum  View