How to Calculate Compound Interest | IB SL Math AA

In this video we'll look at calculating compound interest using two different (but very similar) formulas - the geometric sequence formula and the future value formula (from the IB Formula Booklet).

Check out my YouTube channel "Like a Math Class"
   / @likeamathclass  

What about depreciation? How does that work?
   • How to calculate depreciation | IB SL...  

Chapters
0:00 - Intro
0:20 - Geometric sequence review
1:10 - Adjusting formulas for compound interest calculations
2:21 - Comparing two different compound interest formulas
7:02 - Example (using both formulas)
13:36 - Wrapping it up

#IBMath #Sequences_and_Series #GeometricSequence #CompoundInterest


This is part of Topic 1 - Number and Algebra of the IB Standard Level (SL) Analysis and Approaches curriculum.


Legal Disclaimer: This video/channel is not affiliated with or sponsored by the International Baccalaureate. It is a channel based on my 10+ years of teaching IB SL Math. While I believe that with the right amount of time, effort and studying strategies, anyone has the potential to earn a 5 on their IB Math exam, individual results may vary.