Compound Interest and Depreciation

[@hz1044]

I absolutely hate maths. But after discovering Maths Genie. I swear, i feel like maths can't defeat me! AMAZING!

[@Harlem6J]

say u swear to God !?

[@Diameter]

Honestly same!

[@Dania-db1wi]

@@Harlem6J LMFAOAOAO

[@MistaGabagool]

This sounds like a sanitary towel advert ngl.

[@Dania-db1wi]

@@MistaGabagool LMFAOO

[@thePWord101]

I honestly wish that I found this channel sooner.

[@adamseddon1847]

Hahahhaha

[@haroldzoid123]

thank you this helped me revise for my maths test

[@hyperelliott995]

WOW. You, Mr.genie, and Mr.Hegarty and Mr.FreeScienceLessons are the best KZbinrs in the world. You both are excellent teachers. Thank you. By the way, I can't find an English teacher on KZbin. Does anyone know any? Don't get me wrong, I think Maths is the best subject in the world.

[@grenul]

Hiya! I'd personally recommend mr Bruff and Mr Salles for English and English literature! :)

[@hyperelliott995]

@@grenul Thank you.

[@grenul]

no worries! :)

[@asuna9162]

and mathantics

[@pogathi4583]

Dis guy taught me more in 6 minutes than my teacher in 3 months

[@JuliaDagrosaPinto]

thank you soooooo much! u have no idea how much this has saved me! I’ve been preparing for my maths test for a month now and thought that I was going to fail, but after this video I’m sure I’m going to get a good grade! my test is tomorrow so I’ll tell u guys my grade after!

[@JuliaDagrosaPinto]

@Alphe Uddin lMaO I forgot about this,, I got a grade 8! Which would be equivalent to an A I think lmAo,, this reallyyyyy helped me

[@discerningmortal6751]

@@JuliaDagrosaPinto Well done!

[@JuliaDagrosaPinto]

@@discerningmortal6751 I’m not so sure my gcses went as well as that test LMAO

[@discerningmortal6751]

@@JuliaDagrosaPinto Oh lol, did you just do GCSEs this year, I'm about to go into year 11

[@JuliaDagrosaPinto]

@@discerningmortal6751 yepp, just did them and I get back my results on the 25th August:,)) it’s gonna be so bad😭

[@linaaali6969]

you're an actual life saver thank you so much!

[@ahuman1684]

Thank you so much life-saver! I didn't understand this from my teacher, but this helped me last minute before my test tysm!

[@sparklekitty4420]

Thank you so much! I love how you made this so straightforward without random stuff that’s so irrelevant, misleading or confusing. This really helped.

[@wisdomdjuke4663]

Can you make a playlist on the topics that is possibly going to be on the non calculator paper please?

[@Harlem6J]

Damn , my teacher can't teach for shit, she's fkin total bull*hit , this vid helped a lot THX xDD

[@elyasalizade7777]

lol

[@hamza8895]

ALLO MIGHTOOO!

[@aadilghani3556]

thanks this helped alot

[@tjae7341]

Crying, bawling, screaming, turning rn THANK YOU

[@norajamali8184]

I wonder what he looks like

[@DaNoshOfDaPosh]

This helped me in my tuition as I didn't know how to do this. Thanks!

[@mageesunderlandafc7051]

Thank you we'll better than my math teacher explaining this have a mock exam coming up in March this was well needed I understand compound just depreciation is hard

[@isabelleking6971]

You sound like Casey Barker.. Btw great video very clearly explained.

[@joshgirard7351]

You have to subtract a year from the exponent that you put over the percentage because it doesn’t account for the first year not changing, that is why most people get the answer wrong when doing it this way

[@rahulharidas9028]

This is so simple and easy to do.thank you

[@guardian4703]

So helpful thanks you so much!

[@kabe_boke21]

good explanation thank you sir

[@ItsMe-xn2jg]

thanks alot dude this helped heaps with my study for my exams i really appreciate it.

[@katemcdonald-liggins5715]

How do you do simple interest?

[@mathsgenie7808]

Kate McDonald-Liggins simple interest doesn't change each year. So to add 5% simple interest for 3 years into £100 1) work out 5% of 100, so £5 2) multiply by the number of years 3x£5=£15 3) Add it on £100 + £15 = £115

[@katemcdonald-liggins5715]

Ah okay, thank you!

[@love-vk9px]

why is 5:29 question 2 rounded to £5742.07 ? wouldnt it be £5742.06 because you don’t round money or am i wrong ?

[@AmeliaUnderwood-l2e]

Thank you this is so helpful

[@labibaaahmed4234]

If you want to work out the number of yrs what would you do?

[@labibaaahmed4234]

Eg Jasper invested £2400 for n͟ years in a savings account.He was paid 7.5% per annum compound interest at the end of the year he had £3445.51 in the savings account.

[@mathsgenie7808]

+Labiba A Ahmed so you have 2400 * 1.075^x = 3445.51. You could try different numbers for x.

[@elyasalizade7777]

Best Vid Carry On XD

[@moaazmohamed8586]

legend.legend

[@mahitan7961]

Thankyou very much🙏

[@saitohiraga9587]

Just wanna ask your opinion on this, but my teachers say money is an exception and should always be rounded up. Because if it's not, then someone would be losing out, even if it's only very little. They also say the examiners shouldn't really mind.

[@mathsgenie7808]

+Saito Hiraga there are always two people involved in a transaction, so one of them has to lose out! If you are buying something and you round the price up you will be the one losing out. If you were selling it would be the other way around. As far as I know the convention is to round to the nearest penny.

[@saitohiraga9587]

Maths Genie That's cool. Thanks for the quick reply. Your vids are very helpful.

[@asiya-2131]

why did u put .07 instead of 0.6 for the last question??

[@sarahlondonvlogs]

i have the same calculater - but i dont know how he puts in for example 0.85 (times 4 years) =- can you tell me which button you press on this calculator?

[@adrianasilveira4561]

Great lesson

[@archiesutherland6127]

gonna power through this playist

[@advayjain7748]

Very noice!'

[@BC_Kwesi_B]

1:14

[@allyc2324]

bless ur soul wow

[@thePWord101]

And just to ask, your playlists; do they cover everything that will come up in each paper or will extra topics be thrown in too?

[@KrenzyHD]

He's covered everything, all topics are on his website including video links, arranged by grades like the playlists (www.mathsgenie.co.uk)

[@nadiabegum8759]

Maths Genie would this come up on an non calculator or a calculator paper?

[@mathsgenie7808]

Probably the calculator paper.

[@nadiabegum8759]

thank youu I have my maths mock this week and the new gcses its 2 calculators and one non calculator thanks for getting back!

[@daliahalwani5721]

How did you find the gcse? Was it hard? Do u mind if i ask u what grade u got?

[@jasminehibberd7644]

why did you add the decimal on the first question , 105 to 1.05 ?????

[@MrUzzyb]

Hi Jasmine. In regards to your question, 1.05 is obtained in the following way: (1+interest rate). The interest rate in this case is 5% which is the same as 0.05. Thus, if you add 1 to 0.05 this will give the value 1.05. I hope this explanation helps you.

[@labibaaahmed4234]

Basically U added that 100% right?thats not apart of the question u just have to do it with all the questions so u divide by 100 afterwards--idk y I just know that’s what you do However,I just learnt this and I’m only starting it now so I might be wrong idk

[@gigivs2911]

sameee i was asking the same question, im glad i came across your question

[@Sabrina-lg1po]

105% can also be written as 1.05, this is because 105% is the same as 105/100 which gives 1.05, well in this case u have to unless you put a percentage sign after 105

[@harry1759]

Thank you

[@judemcclements1972]

wow wonderul xx

[@adiofilesunknown8899]

Thanks

[@jaspernelson1861]

you say that you need to times 11000 by 0.85(4) but i just did a question and it said that i got it wrong and that i was supposed to divide instead on times, im very confused by this

[@mathsgenie7808]

What was the question?

[@irinish]

Jasper Nelson samee

[@joshgirard7351]

You must subtract a year from the exponent over the percentage because it doesn’t account for the first year not changing

[@isaacade2075]

how do you fimd the multiplier

[@jediael9906]

100%+[given percentage] Example 100%+5%=105% 105%÷100= 1.05 which is your Multiplayer

[@chimneypipe8574]

thisis just hegarty maths with bad frames and no annoying voice

[@noura_farah]

bless u omg

[@elsi1241]

THANKSS

[@alfiemaurice5195]

i finally understand this! all the american youtube vids make no sense

[@kswiftie4life406]

Let's just say I wanna be the first comment

[@komo8361]

what if the percentage was a decimal ?

[@lincyork]

You mean dollars right?

[@amyy2403]

obviously not hes british you knob

[@adalat7019]

Thank you

[@kongmingsun2623]

Thank you