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This Word Problem Playlist goes over compound interest and how to find the interest or time given certain information. There are some tricky part in trying to solve the problem, such as remembering to keep the quotient a fraction when dividing the total resulting money by the principal. When completing this, remember to get enough numbers so you can get to a rate that has a percent that includes the hundredths as well. It is also significant to remember that the needs to be rounded to be nearest month using proportion of x/12. Lastly, the most important part is to remember all the formulas that accompany each part of the problems, so you do not get confused. Good luck!
This Word Problem Playlist goes over compound interest and how to find the interest or time given certain information. There are some tricky part in trying to solve the problem, such as remembering to keep the quotient a fraction when dividing the total resulting money by the principal. When completing this, remember to get enough numbers so you can get to a rate that has a percent that includes the hundredths as well. It is also significant to remember that the needs to be rounded to be nearest month using proportion of x/12. Lastly, the most important part is to remember all the formulas that accompany each part of the problems, so you do not get confused. Good luck!
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