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 26 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.
Compound Interest Lesson Worksheet
Source: Created by Carolyn Gingerich
Source: Created by Carolyn Gingerich using Educreations for iPad