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In this video we'll look at calculating compound interest using two different (but very similar) formulas - the geometric sequence formula and the future value formula (from the IB Formula Booklet). Check out my YouTube channel "Like a Math Class" / @likeamathclass What about depreciation? How does that work? • How to calculate depreciation | IB SL Math AA ==== Want extra support with IB SL Math? • If you're looking for personalized help with specific topics or exam preparation, I offer 1-on-1 tutoring sessions. Let's work together to boost your understanding and confidence: https://edushare.ing/gQ • To master past exam techniques and learn valuable study strategies, check out my IB SL Math exam review course: https://www.likeamathclass.com/produc... I'm here to help you succeed in your IB SL Math exams! ==== Chapters 0:00 - Intro 0:20 - Geometric sequence review 1:10 - Adjusting formulas for compound interest calculations 2:21 - Comparing two different compound interest formulas 7:02 - Example (using both formulas) 13:36 - Wrapping it up #IBMath #Sequences_and_Series #GeometricSequence #CompoundInterest This is part of Topic 1 - Number and Algebra of the IB Standard Level (SL) Analysis and Approaches curriculum. Legal Disclaimer: This video/channel is not affiliated with or sponsored by the International Baccalaureate. It is a channel based on my 10+ years of teaching IB SL Math. While I believe that with the right amount of time, effort and studying strategies, anyone has the potential to earn a 5 on their IB Math exam, individual results may vary.