Explain the benefit of compound interest as compared with simple interest.
Standard detail
SAV.5a
Depth 2Parent ID: 3ED03B0115C3431699A6D302FA94169CStandard set: Grade 8
Original statement
Quick facts
- Statement code
- SAV.5a
- List ID
- a
- Standard ID
- 2607A44AEF954FEC90DE80FC24B10672
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 3ED03B0115C3431699A6D302FA94169CCA7C39484ED741E2A8EF7361225F0FEE
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US