Yes. Definitely.
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Because Algebra is the foundation of Calculus, and Calculus is the fundamental measurement of the Universe.
Probably not much; of course you'll learn new things (just as you did in algebra), but they will be introduced gradually (just as they were in algebra).
Learning algebra is much like learning any other subject. You start with the basics, and gradually learn more advanced techniques. You can learn either in class, from a teacher, or by yourself, from a textbook. Feel free to ask us if you have a specific question about algebra. I have been known to solve equations on this site.
He started learning calculus when he was around twelve years old and had mastered it by the age of 15.
The grade during which kids learn algebra varies. My first-grade grandson was learning pre-algebra in kindergarten.