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How to calculate Compound Interest
This part will show you how to calculate maths questions involving compound interest. The example questions and maths activities will help you to understand how to calculate compound interest step by step. After studying the videos you should try to complete the FREE worksheet at the bottom of this page. If you still don't understand this maths topic and need more help, make sure to send me a message. There is a significant chance you will have to calculate simple interest on your IGCSE / GCSE maths exam papers. Make sure you, besides studying how to calculate compound interest, you also carefully examine how to find simple interest. Before we start, the first maths video will briefly discuss and explain what is meant with interest in general. After this video I will show you two methods to calculate compound interest. In order to equip yourself with as many tools and strategies as possible, I suggest you study both. This will significantly increase your chances of being successful on your IGCSE / GCSE maths exam papers.
Simple Interest or Compound Interest?
When you bring the coins you have saved to the bank and want them to grow into large amounts of money, do you then rather receive simple interest or compound interest? What If you are a bank who does not want to pay too much interest to its customers. Would you rather pay simple interest or compound interest? If you have to answer a maths question involving interest on your IGCSE / GCSE maths exam, would you rather calculate simple interest or do you prefer to find compound interest (you usually receive more points for a question on compound interest)?
Maths activity worksheet and example questions Compound InterestBelow you will find a maths activity filled with questions about hot to calculate simple and compound interest. Try to answer all these maths questions for your maths revision and prepare yourself properly for your IGCSE / GCSE maths exams. Make sure you read each question properly and evaluate at the end whether you have answered the question correctly. Distinguish between being asked to calculate the total amount, the amount of interest, the difference between two sums of money etc. If you scroll down at the bottom of this webpage you can also download this maths activity, print it and answer the questions at your own convenience. Feel free to share these worksheets with your friends or share this site with them for all my maths resources are FREE to use for educational purposes. If you still need help with maths or still don't understand how to calculate simple interest, send me a message an I will help you with your maths studies!
Good job!! You now understand how to calculate simple and compound interest which will help you to pass your IGCSE GCSE Maths exam. Take a 5 minute break and then continue with your Maths Revision. Why not learn more about Venn Diagrams and how to shade the appropriate area? I will also explain all the symbols you need to be familiar with. So follow the link where I will explain to you what Venn Diagrams are. I will see you there!!
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