Compound Interest

Compound Interest | Numbers In this video we’re going to look at compound interest. If you have a savings account and deposit some money, the bank will pay you extra money as a sort of thank you for saving with them. You are effectively loaning them money. This is known as interest. Similarly, if you borrow money from a bank, the bank will expect you to pay back more money than you borrowed - this is also known as interest. Credits Animation & Design: Murray Knox Narration: Lucy billings Script: Lucy Billings