Simple Interest

The video tutorial explains the concept of interest, focusing on simple interest. It describes how interest is charged or earned, and provides a detailed explanation of simple interest, including how to calculate it using a straightforward multiplication method. The video includes practical examples and exercises to reinforce learning. It concludes by mentioning that banks typically use compound interest, which will be covered in another video.

How do you combine totals when calculating interest for multiple questions?

What is the difference between simple interest and compound interest?