11+beginnerinterest-growth
What Is Interest?
Explore why interest is the time-value of money.
5
Lessons in this module
30 min module estimate
1Preview
Interest defined
Explore why interest is the time-value of money.
5 minPreview lesson →
2Preview
Why lenders charge interest
Explore why interest rate = risk premium.
5 minPreview lesson →
3Preview
Why savers earn interest
Explore why banks need deposits to operate.
6 minPreview lesson →
4Preview
Interest rates explained
Explore why a percentage rate applies to the principal.
6 minPreview lesson →
5Preview
APR — annual percentage rate
Explore why aPR standardises the comparison.
8 minPreview lesson →
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