Lesson 2 · Compound Interest: Worked Examples

Compound Interest in Special Cases: Different Rates, Years and Months, Half Yearly and Terminal Presentation

MathematicsSubject
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Mathematics, Grade 10 · Compound Interest

Compound Interest in Special Cases

Different rates · Years and months · Half yearly and terminal

What you will be able to do

📈

Find the amount when the rate changes each year

🗓️

Handle time in years and months

🌓

Work out half yearly compound interest

🔄

Work out terminal compound interest

⚖️

Compare the three and choose the best

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Presenter notes: Today we learn four situations the plain yearly formula does not cover, and we compare which way of compounding earns the most.