This site is provided for by the Oak Roads Systems. Compound interest can work either for or against you whether you're taking out a loan or making an investment. Either way, the set of formulas for interest is the same and they are given and explained here in great detail. Plenty of examples are provided along with great explanations.

Concepts

compound interest

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Additional Tags

bank interest, interest formulas, number of payments for an investment, original amount of a loan, interest rate

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Classroom Considerations

• Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Instructional