Welcome to the world of compound interest! In this lesson, we’ll be moving beyond simple interest and exploring the concept of compound interest. With compound interest, your money starts to work for you, and you can see greater rewards by waiting and saving.
With the compound interest formula, you can use exponents, fractions, and grouping symbols to calculate how much your money will grow. And through a hands-on demonstration, you’ll see how compound interest can have a major impact over time. This is a great lesson that’s sure to get you excited about saving!