Home
Journals
Courses
About
Actions
Get Involved

Useful Links

Home
Courses
Journals

Get Involved

Join us as a State Leader

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

GOOGL$252.08+0.47 (18.68%)

DIS$114.94-0.68 (-58.38%)

AAPL$239.35+2.65 (111.96%)

NFLX$1200.36-1.91 (-15.85%)

MSFT$513.73-1.64 (-31.73%)

AMZN$234.91+3.48 (150.22%)

TSLA$419.70+9.66 (235.71%)

Understanding Interest

Interest is a key concept in both saving and borrowing money.

Simple Interest:
- Calculated only on the principal amount.
- Formula: Principal × Rate × Time.
Compound Interest:
- Earns interest on both the principal and previously earned interest.
- Formula: Principal × (1 + Rate/Number of Compounding Periods)^(Time × Number of Compounding Periods).
Annual Percentage Yield (APY):
- Reflects the real rate of return on savings accounts, considering compounding interest.

AI Learning Assistant

I can help explain concepts or answer questions about this lesson. What would you like to know?

Previous Lesson Next Lesson

Financial Literacy 101
Banking
Understanding Interest

Understanding Interest | Banking