What is interest? What is the difference between simple interest and compound interest? Find the answers to these questions, learn how to calculate interest for a loan, and see how interest can help your money grow. Includes ten practice problems.

Concepts

compound interest, simple interest, interest

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Additional Tags

loan interest, savings interest

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Classroom Considerations

• Knovation Readability Score: 1 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Instructional|practice