Introduction to Simple and Compound Interest Fact Sheet
| Background |
|
| 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:  |
| Course Outline |
View |
| Course Comments |
View |
| Start Page |
View |
| Release Date |
|
| |
|
| Content |
|
| 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 |
Higher High Secondary School |
|
|
| 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 |
