Specialized Math: 11. Compound vs. Simple Interest

Understanding how interest works is critical for making informed financial decisions, as you will discover in the elearning course, Compound vs. Simple Interest. In this course we will look at the differences between compound and simple interest. We will review examples of each type of interest, and go over the formulas used in calculating them. Finally, we will review some common terms you should be familiar with like Average Percentage Rate (APR) and Amortization, to give you a solid understanding of how interest rates work and help you make informed financial decisions.

Part of the series called Specialized Math, this course includes a video lesson, downloadable student materials and a short online quiz to check your comprehension of the course.