What exactly is simple interest and what is compound interest? Learn how to understand these word problems, figure out which formula to use, and calculate interest.

Timestamps:
00:00 - What is Interest?
00:50 - Simple Interest Problem 1
02:58 - Simple Interest Problem 2
04:48 - What is Compound Interest?
05:57 - Compound Interest Problem 1
07:38 - Compound Interest Problem 2
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