Interest is found in a bunch of places: savings accounts, mortgages, loans, investments, credit cards, and more! Watch this tutorial and learn how to calculate simple 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!