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Simple versus Compound Interest
Compound interest compared to simple interest at various rates, terms, and compounding periods.
Contributed by:
Jason Cawley
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Screenshot 1: Frequent compounding at a high interest rate.
Screenshot 2: Less frequent compounding at the same rate reaches a lower total.
Screenshot 3: Less frequent compounding at the same rate reaches a lower total.
Screenshot 4: Compound interest is vastly higher than simple after a long period.
Screenshot 5: Monthly vs. annual compounding raises the previous total by 20%.
RELATED LINKS
Simple Interest
(
Wolfram
MathWorld
)
Compound Interest
(
Wolfram
MathWorld
)
PERMANENT CITATION
"
Simple versus Compound Interest
" from
the Wolfram Demonstrations Project
http://demonstrations.wolfram.com/SimpleVersusCompoundInterest/
Contributed by:
Jason Cawley
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Related Curriculum Standards
US Common Core State Standards, Mathematics
HSA-CED.A.1
HSA-SSE.B.3
HSF-BF.A.1
HSF-IF.C.7
HSF-IF.C.8
HSF-LE.A.1
HSF-LE.A.2
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