compound interest

Compound Interest
• Compound interest is calculated on the principal amount and also
on the interest accrued from previous periods and, therefore, can
be considered as "interest on interest".
Video compound
interest

Formula
𝒏 =
𝒍𝒏
𝑨
𝑷
𝒍𝒏 𝟏 +
𝒊
𝟏𝟎𝟎
To calculate time
To calculate Amount Received

Example

Example

Go to worbook
• Continue with Exercise 2 page 23
• Activity 1, page 17
• Exercise 3, page 24

What did you learn ?
• Difference between simple interest and compound interest ?
• Formula.