ABCs of Figuring Interest

The Federal Reserve Bank of Chicago created this publication to help users understand the fundamentals of interest. According to the summary at the end of the tutorial, “Although not an exhaustive list, the methods of calculating interest described here are some of the more common methods in use.” The methods include simple interest, add-on interest, bank discount, and compound interest. Each type of interest is described, and several examples help illustrate how each kind of interest operates. [Scout Report Annotation]

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterGoogle+Share on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.