Compound interest is the interest that is earned not only on the principal but also on the interest already earned.
Standard detail
6.
Benchmark
Depth 1Parent ID: 1172FDC3236B4155B800FAEEF8D74086Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 6.
- List ID
- 6.
- Standard ID
- DD19748A6F8D4D32BB0D051D05D904CD
- ASN identifier
- S2604557
- Subject
- Financial Literacy
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 1172FDC3236B4155B800FAEEF8D74086
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US