10537
EXPLORE
LATEST
ABOUT
AUTHORING AREA
PARTICIPATE
Your browser does not support JavaScript or it may be disabled!
Simple versus Compound Interest
Compound interest compared to simple interest at various rates, terms, and compounding periods.
Contributed by:
Jason Cawley
SNAPSHOTS
DETAILS
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
Share:
Embed Interactive Demonstration
New!
Just copy and paste this snippet of JavaScript code into your website or blog to put the live Demonstration on your site.
More details »
Download Demonstration as CDF »
Download Author Code »
(preview »)
Files require
Wolfram
CDF Player
or
Mathematica
.
Related Demonstrations
More by Author
Exploration versus Consumption
Michael Schreiber
Marginal Utility Budget Line
Michael Schreiber
Logistic Sigmoid Market Model
Michael Schreiber
Interest Rate Swap
Fiona Maclachlan
Amortized Loan Interest and Principal
Fiona Maclachlan
Occurrence versus Claims-Made Insurance Policies
Seth J. Chandler
Discounted Present Value
Jason Cawley
Investment Returns
Jason Cawley
Macroeconomic Effects of Interest Rate Cuts
Jason Cawley and Fred Meinberg (Wolfram Research)
El Gordo
Clay Gruesbeck
Related Topics
Business
Exponential Functions
Finance
Social Sciences
High School Algebra II and Trigonometry
High School Economics and Finance
High School Mathematics
Browse all topics
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
Note: To run this Demonstration you need Mathematica 7+ or the free Mathematica Player 7EX
Download or upgrade to
Mathematica Player 7EX
I already have
Mathematica Player
or
Mathematica 7+