Interest (Grade 11 NSC Matric Mathematical Literacy): Flashcards

Money growth over time in bank accounts or investments

Simple interest and compound interest

Original amount (principal) only

Original amount invested

Straight line (linear growth)

Growing balance (original + earned interest)

Curved line (exponential growth)

$A = P(1 + i)^n$

Compound interest

Generates more money/profit over time