Personal financial literacy
7.13(E)Simple Interest Versus Compound Interest
Calculate and compare simple interest and compound interest earnings.
Part of The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor
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Intro
Money That Grows
In this lesson you will learn how to calculate simple interest and compound interest. You will also learn how to compare the earnings from each one. That way you can see which way of figuring interest grows your money faster over time.
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