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

Last modified: Monday, April 11, 2016, 4:57 PM