Simple Interest (Formula)

Learn how to calculate simple interest using the simple interest formula in this math video tutorial by Mario's Math Tutoring. We discuss the difference between simple interest and compound interest as well as go through 2 examples with a bonus example.

0:13 Formula to Calculate Simple Interest
0:38 Difference Between Simple Interest and Compound Interest
2:10 Example 1 Calculate Simple Interest Word Problem
3:03 How to Calculate the Total
3:44 Example 2 Solve for the Interest Rate
5:03 How to Write the Rate As a Percent
5:08 Bonus Question

Related Videos:

Compound Interest - How to Calculate (Formula)

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[SergeantBlue]

I’m doing compound and simple interest now! Helped out a bunch

[lalababar]

only person who can help me understand math

[grandimations]

What if the question says to calculate the maturity value of simple interest. What does that mean?

[ishratbatt]

You nice sir ....tell us short trick so easily solve questions

[jackchristensen]

For the bonus, I found that it took 24 years to reach a new balance of $480. T=24

[esmeswiims]

I just need to know if you have to add a $ at the end :(