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!

Keywords:

formula

interest

simple interest

interest rate

Background Tutorials

apply mathematics to problems arising in everyday life, society, and the workplace

Sales tax, tips at restaurants, grades on tests... no matter what you do, you can't run away from percents. So watch this tutorial and see once and for all what percents are all about!

Further Exploration

apply mathematics to problems arising in everyday life, society, and the workplace

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 simple interest.