If you already have a bank account or if you plan to have one in the future, then this tutorial is a must see! Follow along as this tutorial goes through a word problem involving compound interest.
Things like bank accounts, loans, investments, and mortgages are a part of life, and almost always, interest is involved. Sometimes, you need to deal with compound interest, so it would be good to know the formula for it! In this tutorial, you'll see the formula for compound interest. Take a look!