Introduction to Interest

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

Last modified: Sunday, December 19, 2021, 11:26 PM