Compound Interest and Depreciation

[@haroldspawacs6420]

Great😮, it's different from how my teacher taught me and this one I find it more simple

[@faizan7343]

o k

[@Skeptoff123]

very helpful got my maths test soon in 20 minutes wish us luck.

[@jordan-q2907]

good luck

[@asmacampbell6661]

Same

[@asmacampbell6661]

We got this

[@cabzz7730]

dead

[@dishanthakur8570]

Thanks man I was in need of some compound interest understanding

[@faizan7343]

who asked

[@faizan7343]

@Vlastre lol

[@NoLifeGamingOfficial]

wow this is the simplier way to do it my teacher tought me a=p(1+r/n)vnt formula which does work but your formula is much simplier

[@zakiabdalla_]

That was really helpful thanks so much 👍

[@faizan7343]

shuush

[@Kvovovpvpbovo]

@@faizan7343 No one asked for your input🤫

[@faizan7343]

@@Kvovovpvpbovo no one asked for yours either tho. Anyways Inb

[@hawaali1148]

@@faizan7343 why you telling him to shush 😭

[@faizan7343]

@@hawaali1148 idk i must have been bored

[@darkspace1894]

Wow, what an easy cheat way through? Bro your a hero, thanks alot I appreciate it

[@faizan7343]

shush

[@uzier2]

ur so cool@@faizan7343

[@kemz6572]

Ty

[@FekaduTesfazion]

You kno i sm only year 7 seeing this

[@vincebautista9709]

Really helpful! Thanks

[@faizan7343]

ok

[@sialoomis]

thank you

[@girlonline3742]

I am so confused at this question can someone please help me with this!!!! Q) Briony invests some money Interest is paid on the money at a rate of 2% per annum for the first year and 1% per annum for the second year After two years the investment is worth £8653.68 How much did Briony invest?

[@KalHiwatari]

Since, we don't know the amount of money that was first invested we can name the unknown as x. Then multiply x by 1.01 and 1.02. It should be somewhat in the format like this: x*1.01*1.02=8653.68 After that simply rearrange it to make x the subject by dividing 8653.68 by the product of 1.01 and 1.02. Finally, you will get the answer making sure that x is collected on one side without any other terms like this: ×= answer. X is the investment btw

[@KalHiwatari]

If you want more help with maths just reply. I am a student too.

[@waleed_a05]

@@KalHiwatari i need help plzzzzzzz

[@Hannah-rh9ic]

@@KalHiwatari what about this question ? Q) Simon invested an amount of money in a savings account at 0.5% per annum compound interest. At the end of 3 years, the amount of money in the savings account was £12180.90 Work out how much money Simon invested in the savings account.

[@VaishaliThulkar]

@@Hannah-rh9ic same thing, put it as the percentage being times by the money, or x. So its x * 1.005 * 3 = £12180.90, and find x (though Im prob wrong. -.-' )

[@ast3r0id]

Hi, in 13:23 it says 'every other year' so shouldn't it be 15000x0.8x0.88?

[@zenamvs8240]

it's 0.88² because 0.8 is one year and 0.88 is 2 years

[@kenya6393]

So helpful, thank you!

[@teevee7678]

I GOT IT NOW THXXX

[@younaschaudhry2855]

Excellent

[@faizan7343]

shuuuuush

[@divine1509]

@@faizan7343some beg 🤣🤣🤣

[@faizan7343]

@@divine1509 must have been bored when doing my gcses. 🤣🤣🤣

[@todaysmenu4822]

thanks but how will you do this without a calculator

[@andrewrichards4211]

It shouldn't be on a non calculator paper?

[@Bobotul]

Bro

[@nadz5668]

13:18 you are wrong

[@evangelin9010]

It is right

[@jacobbonney5965]

@@evangelin9010 it’s wrong because the question says every other year so instead of counting year 2 you only count 1 and 3 making it just 0.88 instead of 0.88 to the power of 2

[@jacobbonney5965]

@@evangelin9010 it’s wrong because the question says every other year so instead of counting year 2 you only count 1 and 3 making it just 0.88 instead of 0.88 to the power of 2

[@evangelin9010]

Oh ok

[@elfes3878]

Facts ik he was wrong

[@saarrahahmed4712]

sir down I love u man

[@FekaduTesfazion]

Are you gay

[@FekaduTesfazion]

Iev3n if your a girl it crazy you love men

[@julianpayen4208]

If I start with $100 in a trading account and I profit 300% each month, and I trade every penny I have each month, principle and interest, how much money will I have at the end of 1 year?

[@brandonnaughton73]

3600

[@wotler6862]

400,000 sry if I’m wrong

[@muhammadalyaan]

Do you always start with 100%

[@Bianca-cd5ng]

Yep