## 17Calculus Precalculus - Compound Interest

##### 17Calculus

We use exponential functions when we are working with compound interest. The formula used for compound interest is $$\displaystyle{ A = P\left(1+\frac{r}{n}\right)^{nt} }$$. Here is a good video explaining simple interest and compound interest.

### PatrickJMT - Understanding Simple Interest and Compound Interest [13min-6secs]

video by PatrickJMT

### Larson Calculus - Application problems- compound interest [4min-13secs]

video by Larson Calculus

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