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Introduction to Simple and Compound Interest

  • Description
  • Outcome
  • Certification
  • 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.

  • Learning outcomes:
    - Understanding Simple and Compound Interest;
    - Examine how to calculate using Simple and Compound formulas;
    - Learn the key differences of each and when they are used;
    - Overall general concept of how Interest is calculated on loans.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Introduction to Simple and Compound Interest
  • Free

  • 1-2 Hours

  • Khan Academy

  • Assessment

  • Certification

  • 50 Pts

Modules List( 2 )
  • INTRODUCTION TO SIMPLE AND COMPOUND INTEREST
  • Module
    1
    Introduction to Simple and Compound Interest
    • Learn more about simple and compound interest and how they are calculated.
    • Introduction to Interest
    • Interest Part 2
    • Introduction to compound interest and e
    • Compound Interest and e (part 2)
    • Compound Interest and e (part 3)
    • Compound Interest and e (part 4)
  • END OF COURSE ASSESSMENT
  • Module
    2
    Introduction to Simple and Compound Interest Assessment
    • You must score 80% or more to pass this assessment.
    • Introduction to Simple and Compound Interest Assessment
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