Compound interest is interest on both the original principal and previously earned interest, as compared to simple interest which is only interest on the original principal.
Standard detail
SAV.5
Depth 1Parent ID: CA7C39484ED741E2A8EF7361225F0FEEStandard set: Grade 8
Original statement
Quick facts
- Statement code
- SAV.5
- List ID
- 5
- Standard ID
- 3ED03B0115C3431699A6D302FA94169C
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- CA7C39484ED741E2A8EF7361225F0FEE
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US