FuseSchool - Global Education | Compound Interest | Numbers | Maths | FuseSchool @fuseschool | Uploaded April 2020 | Updated October 2024, 19 hours ago.
Compound Interest | Numbers
In this video we’re going to look at compound interest.
If you have a savings account and deposit some money, the bank will pay you extra money as a sort of thank you for saving with them. You are effectively loaning them money. This is known as interest.
Similarly, if you borrow money from a bank, the bank will expect you to pay back more money than you borrowed - this is also known as interest.
CREDITS
Animation & Design: Murray Knox
Narration: Lucy billings
Script: Lucy Billings
VISIT US
Website: fuseschool.org
Twitter: twitter.com/fuseSchool
Instagram: instagram.com/fuseschool/?hl=en
Facebook: facebook.com/fuseschool
This Open Educational Resource is free of charge, under a Creative Commons License: Attribution-NonCommercial CC BY-NC. You are allowed to download the video for nonprofit, educational use. If you would like to modify the video, please contact us: info@fuseschool.org
Compound Interest | Numbers
In this video we’re going to look at compound interest.
If you have a savings account and deposit some money, the bank will pay you extra money as a sort of thank you for saving with them. You are effectively loaning them money. This is known as interest.
Similarly, if you borrow money from a bank, the bank will expect you to pay back more money than you borrowed - this is also known as interest.
CREDITS
Animation & Design: Murray Knox
Narration: Lucy billings
Script: Lucy Billings
VISIT US
Website: fuseschool.org
Twitter: twitter.com/fuseSchool
Instagram: instagram.com/fuseschool/?hl=en
Facebook: facebook.com/fuseschool
This Open Educational Resource is free of charge, under a Creative Commons License: Attribution-NonCommercial CC BY-NC. You are allowed to download the video for nonprofit, educational use. If you would like to modify the video, please contact us: info@fuseschool.org