Student Video #6: Compund Interest

 

What is this video about?

This video is about calculating compund interest and all the different parts and factors that we use to solve for it. These factors are our current amount of money, the principal amount, rate, number of times per year compunded, and the amount of time in years.

What does the viewer need to pay special attention to in order to understand the concept?
         -Notice the two different formulas and what they are used for. Also, look out for the part where you learn how to convert months to years using the information you calculated.