Compound Amount

COMPOUND INTEREST

Concept: It helps students to understand what compound interest is, how it is calculated, and appreciate the impact it makes on loans and investments. Compound interest is a way of life in our society. Understanding how it works and how it can be used effectively to grow the investments is a critical lesson. Objectives: Know and use compound interest terminology Know and use the formula for calculating compound interest Know and use the formula for calculating the total amount of a loan or total value of an investment at the end of a specified time

Answer the question given below.