Interest, Interest Rates, and Factors to Consider before Borrowing - Entry to Finance Vlog Quest
entry to the leofinance vlogger adventure zealy quest. Today I would be tackling with the topic
Interest which is under Finance. In this video, I shared my view about Interest, the types of interest,
and some factors to consider when going in for a loan.
Basically, there are two types of interest which are simple interest and compound interest.
Interest can be calculated using the following formula;
Interest = Interest Rate X Principal Amount.
I would like to use this opportunity to say a big thank you to all for wacthing this video. See you guys again in my next entry.
▶️ 3Speak
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Interest and interest rates are interesting topics. Thanks for explaining well and the quick guide on compound interest.
The headphones mathematics guru 😂.
Hahaha, I did a wrong calculations with my interest rate I did, lolz