By the end of this lesson, students will be able to apply the compound interest formula in problems where the compounding period is one year. They will also recognize compound interest as an application of exponential growth.
Institutions have accepted or given pre-approval for credit transfer.
* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 25 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.