The document contains 4 examples calculating simple and compound interest on principal amounts over different time periods and interest rates, compounded annually or monthly. It shows that compound interest results in higher total amounts than simple interest due to interest earning interest over time. The last two examples are not fully worked out.
The document contains 4 examples calculating simple and compound interest on principal amounts over different time periods and interest rates, compounded annually or monthly. It shows that compound interest results in higher total amounts than simple interest due to interest earning interest over time. The last two examples are not fully worked out.
The document contains 4 examples calculating simple and compound interest on principal amounts over different time periods and interest rates, compounded annually or monthly. It shows that compound interest results in higher total amounts than simple interest due to interest earning interest over time. The last two examples are not fully worked out.
The document contains 4 examples calculating simple and compound interest on principal amounts over different time periods and interest rates, compounded annually or monthly. It shows that compound interest results in higher total amounts than simple interest due to interest earning interest over time. The last two examples are not fully worked out.