What this lesson teaches
Simple and compound interest.
Can you finish simple interest vs compound interest in about 35 min?
You will simple and compound interest.
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Simple and compound interest.
Graphing both interest types on the same axes makes the divergence between them visually dramatic — the 'power of compounding' is felt, not just calculated. This visual and emotional impact is what makes the concept memorable enough to influence real financial decisions later in life.
1. Calculate SI for 3 years at 10% on 1000. 2. Calculate CI same terms. 3. Compare. 4. Graph growth.