Introduction to Interest

This video discusses how interest rates are applied. A rate of return is usually expressed as a percentage (like 4%) but when you need to apply it in a calculation, use it in decimal-form (0.04 is the decimal-form of 4%, 0.10 is the decimal-form of 10%, and so on). The same applies to the numerical expressions of interest rates.

Source: Khan Academy
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Last modified: Monday, September 20, 2021, 11:54 AM