Overview
Ratios, Percentages, Proportions

Interest and Interest Rate Calculation

 Video Tutorial

Key Aspects:
  • Formula for interest calculation
  • Calculating Interest, Interest Rate, and Principal
  • Real-life financial examples
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 Revision Cards

1) Formula for Interest Calculation

Understanding interest calculation with principal amount, interest rate, and total amount examples.

2) Calculating the Interest

Example for Interest calculation, showing the formula for calculating interest on £200 at 3% over 60 days, resulting in a total amount of £201.

3) Calculating the Interest Rate

Example for calculating the interest rate, demonstrating the formula for interest with £200 principal and 4% interest rate.

4) Calculating the Principal

Illustration of calculating the principal using a 5% interest rate, earning £30 after 1 year, with the formula and steps to solve for the principal.

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 Exercises

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