Compound Interest Explained How Your Money Grows Over Time

[Opening Scene] 🎵 [Soft background music] 🎥 [Visual: A piggy bank with coins dropping into it, slowly growing bigger] Narrator (enthusiastic tone): "Have you ever wondered how some people grow their savings effortlessly over time? The secret lies in something called compound interest! Today, we’re breaking it down in a simple way so you can make your money work for you!" [Section 1: What is Compound Interest?] 🎥 [Visual: A chart showing a single deposit growing exponentially] Narrator: "Compound interest is the process where your money earns interest, and that interest earns even more interest over time. Unlike simple interest, which is calculated only on your original deposit, compound interest keeps adding up—creating a snowball effect!" 📌 Example: "Imagine you invest $1,000 at an annual interest rate of 5%. In the first year, you earn $50. But in the second year, you earn interest not just on your initial $1,000, but also on the $50 from the previous year—making it even bigger!" [Section 2: The Power of Time] 🎥 [Visual: A graph comparing someone who starts investing at age 20 vs. age 40] Narrator: