Episode 2 — Banking & Investments

Compound Interest

Learners will be able to:

- Calculate compound interest on an initial amount of money plus any accumulated interest. - Determine the balance at the end of a specified period using a table for calculations. - Apply the concept of compounding interest to calculate interest on a monthly basis. - Identify how compounding interest is calculated daily, including dividing interest by 365. - Solve problems involving compound interest with different compounding periods (yearly, monthly, daily).