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# Introduction to Simple and Compound Interest Course

Introduction to Simple and Compound Interest

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#### 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.

#### CERTIFICATION

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to purchase your Diploma certificate will then appear under the My Certificates heading of your My Account page.

#### LEARNING OUTCOMES

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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 Course Rating (By Learners): 4 stars based on 21 votes Course Title: Introduction to Simple and Compound Interest Course #: 457 Course Publisher: Khan Academy Course Category: 2 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: Release Date: 10 August 2012 Content Course Duration (Avg Learner): 1-2 Hours Video/Audio: High Audio Only: High Animation: None Assessments: Yes Education Level 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

• Jahrel Tampil Very helpful 2016-04-15 08:04:58
• Eric Kwame Osei Great lesson. 2015-05-31 01:05:53
• Gary Short Very informative. 2014-10-12 05:10:12
• Dhanshree Kanhe thank you 2014-07-14 20:07:22
• Dhanshree Kanhe This session is very excellent .......and its clear all my concept about simple and compound interest 2014-07-14 20:07:22
• Joratio Jose Nuyda Good. 2014-05-12 07:05:12
• Khan Sovannareth Course Module: Module 1: Introduction to Simple and Compound Interest
Course Topic: Interest Part 2
Comment: .Simple interest: FV = P+Pr = P(1+r) .P: Principle amount .r: Interest rate .I = FV-P or I = Pr Compound Interest FV = P(1+r)n P : Principle Amount r : Interest Rate n : number of period of investment 2012-10-01 10:10:40