In this lesson on compound and simple interest, the instructor walks through how to find the final amount, or balance, for an investment using compound interest. They explain the variables involved, such as initial amount, interest rate, time, and number of compound periods per year, and how to use them in the compound interest formula. The instructor emphasizes the importance of using decimal form for interest rates and being careful with order of operations when plugging the formula into a calculator. They also briefly touch on the continuously compounded interest formula using the constant E.
Using Compound and Simple Interest to find Final value
I show how to solve math problems online during live instruction in class. This is my way of providing free tutoring for the students in my class and for students anywhere in the world. Every video is a short clip that shows exactly how to solve math problems step by step. The problems are done in real time and in front of a regular classroom. These videos are intended to help you learn how to solve math problems, review how to solve a math problems, study for a test, or finish your homework. I post all of my videos on YouTube, but if you are looking for other ways to interact with me and my videos you can follow me on the following pages through My Blog, Twitter, or Facebook.