This video discusses how interest rates are applied. Note that 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.

Last modified: Wednesday, October 9, 2019, 2:42 PM