Interest
On this page you can find free information about different types of interest.
Each of the following links takes you to a page where you can watch online videos, view formulas and examples, and learn more about each topic.
The interest is the amount of money paid on borrowed capital. There are two types of interest: simple interest and compound interest.
The simple interest
is calculated only on the principal, or on the unpaid part of the principal. Learn how to find the
simple interest
by watching this
interesting video.
The compound interest
pays interest on both the principal and the interest already earned. Learn how to find the
compound interest
and the final balance by watching
this video.
To learn how to
compare simple and compound interest
for the same principal and rate after a certain number of years, watch
this informative video.
