Compound Interest Introduction amp How to Calculate

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This math tutorial video explains the concept of compound interest and show how to calculate compound interest. We begin by explaining compound interest vs simple interest. We show where the formula comes from and demonstrate some examples of how to to use the formula for compound interest to find an accumulated value, given a principal, rate, and term. • 0:00 How does compound interest work? • 2:43 Getting the formula • 4:11 How to use the formula • 5:58 Example 1 - Compounding annually • 7:21 Example 2 - Compounding monthly • 8:28 Example 3 - Time given in months • 10:18 Example 4 - Time given in weeks • Houston Math Prep Algebra Playlist:    • Algebra   • Houston Math Prep Finite/Business Math Playlist:    • Finite Math/Mathematics for Business   • Houston Math Prep YouTube:    / houstonmathprep  

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