Copyright

Ch 17: ASVAB Math: Calculating Interest

About This Chapter

Watch our easy-to-understand video tutorials to learn all about interest and how to calculate it in order to solve math problems. Here you'll find everything you'll need to succeed on the math section of the ASVAB!

ASVAB Math: Factoring - Chapter Summary

Use this chapter to learn about the concept of interest and how to compound interest. Watch our informative video lessons to get to know different formulas for compounding interest and then test your skills with our self-assessments. Subjects in this chapter include:

  • The definition and purpose of interest
  • Math problems involving money
  • Formulas for compounding interest

Each video lesson has been organized by our awesome instructors in order to help you learn in the easiest way possible! Read along with the handy video transcripts and memorize every formula in preparation for the ASVAB.

ASVAB Math: Calculating Interest Chapter Objectives

The Armed Services Vocational Aptitude Battery (ASVAB) is a test that can be taken throughout the year by those looking to join the United States Military. The ASVAB is offered mainly to high school students, many of whom are enrolled in ROTC programs, and it tests a candidate's fluency in several academic fields.

In the pencil-and-paper version of the test, there are 25 multiple-choice questions in the Math Knowledge subtest that must be completed within 24 minutes. These details vary slightly in the computer version of the ASVAB, with 20 minutes allotted to answer 16 questions. The Math Knowledge section contains some questions about money and interest that this chapter is designed to prepare you for. After using this study guide, you will be able to explain the definition and purpose of interest, solve simple problems involving money, and compound interest using a variety of formulas.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support