Archive for the ‘Compound Interest’ Category

Compound Interest Example 1

Here is an example of a compound interest problem.  Remember to read the lesson on this topic. Basic steps to follow: 1. First make sure you understand the formula and what the variables represent 2. Common areas to note: the “r” in the formula is the APR (annual interest rate) as expressed as a decimal […]


Compound Interest

Free Money!  Yes indeed if you understand a little something about compound interest. A quote from Albert Einstein: “The most powerful force in the universe is compound interest” Compound interest is a description of how something grows overtime and you need to understand it as an algebra student.  An easy way to describe compound interest […]