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)…

# Category: Compound Interest

## 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…