It is important to understand how to apply compound interest as you will find all banks use it. Compound interest is used much more than simple interest. See the power of compound interest on this table showing $10,000 invested over various time periods and various interest rates.
Compound Interest Worksheets and Printables
By Deb Russell, About.com Guide
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Print the Compound Interest Worksheet/Printable in PDF (answers are on the 2nd page of the PDF)
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