Introduction to Simple and Compound Interest
Learn more about simple and compound interest and how they are calculated.
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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.
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This Course has been revised!
For a more enjoyable learning experience, we recommend that you study the mobile-friendly republished version of this course.Take me to revised course.