Simple versus Compound Interest
Compound interest compared to simple interest at various rates, terms, and compounding periods.
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%.