Compound Interest - Easy Example + Practice

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[@Scott_Suede]

7 years later and you're STILL helping people. Today, I am "people."

[@semago29]

Count me in

[@australium7374]

my teacher wants me to find the interest rate earned not the actual number :(( dumb school

[@Blaze8475]

1 yr later

[@pie7197]

11 years ago now😭

[@ChristieGoh-v9k]

Frrr😅

[@donny2446]

most people in youtube videos can explain simple concepts like this, better then most teachers and profs are able to!

[@retchbill2968]

That’s why I’m doing online learning

[@saitama6427]

FOR REAL BRUH

[@charlizebarquin4044]

That is very true. I had a cool maths teacher last year, she explained it step by step and I didn't need to watch youtube to learn it again (just going through my notes). But now, I have a different maths teacher, I have to watch youtube vids because I dont like the way how she teaches us...

[@ronanstander3022]

tbh we could finish our work in like 3-5 months. But teachers beat around the bush so much to fill in all those days. But i guess there are people who need extra help

[@ronanstander3022]

but stretching it out like that does tend to make it confusing

[@yeetusfetus8498]

I was on the verge of a mental breakdown before this THANK YOU

[@cococ5409]

Yeetus Fetus omg same lmao

[@10010011001100110101]

Yep fuck compound interest

[@xostunnaxo]

@@10010011001100110101 it be like that

[@screamingmikewazowski5237]

Yeetus Fetus Nice Username man

[@kayzero8366]

My teacher made us use khan acedemy vids but i couldnt understand shit and i started crying because it was competly different then how my teacher showed us

[@kNIGHTll1]

My teacher is explaining me this for 4 days but I couldn't understand anything. You are great. You explained me this in 3 min

[@cindyfahy3227]

My exact problem

[@anameforgoogle3192]

Your teacher is not the problem, you are.

[@nhnova1452]

@@anameforgoogle3192 the amount of times I see people blame their teachers is amazing

[@YTGamerboyPG3D]

@@anameforgoogle3192 facts:)

[@YTGamerboyPG3D]

@@nhnova1452 lol i mean somtimes we understand somtimes we dont so it teachers fault and also ours for not asking them and still we dont understand then its their fault (like me) and thats why we have online youtube teachers which is wayy better:)

[@Justaguy5099]

My professor couldn't explain in 2 hrs what you did in 6 minutes

[@neverserious7837]

Hey you round the cents to get the final answers right?

[@荒羅斯治]

@@neverserious7837 only if the question demands to.

[@202cardline]

@@neverserious7837 I guess...in real life yes but with money you have to round down, not up. Yet for some reason my online math homework wanted me .666 to become .67 despite that not making any sense in terms of money. So annoyed....

[@kaven101]

😂😂😂😂

[@cosmicanbu]

I wish this was in my Recommendation feed.

[@orphanofkos1175]

That moment when you realise it was just simple math the whole time.

[@benitofrfr]

Bitch wym

[@prernathawani9842]

Ik how you feel!!!!! 😭

[@Airbud.17]

I don’t understand why I didn’t get it 😭 but now I do my teacher thought I was stupid

[@vantete4350]

I cant even understand it BRUH

[@maried9383]

Omg ikr I knew I payed attention to a certain extent to get the formula

[@OctobrTea]

The 321 people who disliked are other math teachers, jealous of him

[@thiccpandayt3718]

505

[@thiccpandayt3718]

i mean 501

[@thiccpandayt3718]

6.9k viiews 69 nice

[@delhivoy8973]

504

[@fish2099]

This video.. it’s sent from the gods to help those who are stuck on math problems.. thank you so much

[@jamesolbrisch2582]

Awesome I went from crying trying to understand this to working it like I own the bank. Thanks!!

[@licity_]

After searching the web for a good video explaining this concept, finally I found yours. Amazing, walks through and fully teaches the formula, thank you.

[@dddaakotuhhh]

My maths teacher makes this so hard, when literally this video makes so much sense

[@JakeCraftMine]

Helped a lot! I missed a bunch of math classes and this helped me catch up! Thank you!

[@someguy_313]

samee

[@kekspade]

Tysm!!! I was literally freaking out cause I have a test tomorrow, but you explained it so well I can practically do it in my sleep! Thank you!

[@Minipopcat99]

My last 2 braincells trying to understand just caught on fire

[@coomslayer2307]

yes fire am stroke

[@paroots4wesupportukraine941]

both yall just dumb

[@sonalipandey2854]

Man you are awesome.. This was the first time I have ever understood CI with this much clarity.. With only 8 days left of my exam.. Thanks

[@Spaded_Ac3]

This man is a GOD SEND! I was about to turn in work unfinished till I found this!

[@angelawining9656]

ughhh, finally someone can explain it short, simple, and understandable. thank youuu

[@porshac00]

I GET IT NOW! Thank you. Watching other videos set me back in math for 50 years and I was brain stressed and so confused. Thank you for explaining this in the simplest terms. I now feel cool again. 😎

[@elijahkirkland1307]

Thank you, I finally get the concept now and I’m fully ready for the test tomorrow, thank you for helping me understand this! :)

[@jordiedell883]

I've been stressing about this all week cause I can't understand my teacher but this made so much sense, Thank You!!

[@vinayakmalhotra5317]

8 years later. U are still helping people. Thanks a lot 😁

[@abbeym9118]

I’m in seventh grade why am I learning this Thx it helped!

[@kennesmith4891]

Ashley Arkensi sammeeee😂😩

[@ezrahenry4927]

Lol 😂

[@lezhaosicne6387]

this is useful shit, save as much as you can until youre 18 and invest that shit, learned from my dad that waiting until youre much older to invest is a big mistake

[@seanball5504]

Sameeeee

[@swaggerameister]

Creeper Aw man This is the only math you need to know!

[@rodmaradrianbaingan2448]

8 years later you're still helping students such as myself

[@Dier]

facts

[@mjkim0709]

i have this now in my module and all i see are formulas and numbers. the teacher provided an example but with no explanation at all. it's driving me crazy. thank you so much for this! ❤️

[@therandomvideoexpert485]

Comment if you're here for finals

[@JaySkiTooFive]

yessir

[@sasha-gayewright9790]

sure am

[@milkyantiaap8694]

The Random video expert woohhh hope i pass my test ill update you soon

[@carolr4650]

offff couuurrseee

[@kimkim9838]

Yaa

[@firewired3230]

My teacher just plopped notes on our desks about compound interest and just said “read it”.. we all struggled to understand it to a point some of us put it in the recycling. Thank u

[@ruthsteen4967]

All these videos, and I have finally seen the light! So happy!

[@ajrobles4782]

My midterm exam on my business math subject will start in 30mins and you just save me. Thank you may Godbless you forever!

[@canadaball2341]

this guy teaches better than my teacher!

[@nyonahh9809]

This is honestly the easiest video I watched I just have one question when doing compound interest will it always be (1 +r/n)

[@solarogx7476]

THIS IS THE VIDEO I WAS LOOKING FOR THANK YOU SOOO MUCH!!!! I was given all those formulas but having someone tell you everything makes it just click

[@sasha-gayewright9790]

VEEEEEEEEEERRRRRRRRRRRRYYYYYYYYYYYYY USEFUL, THIS VIDEO WAS INDESCRIBABLY AWESOME AND VERY EXPLANATORY

[@hollowelljeff2242]

can I apply this formula to predict outcomes of my ROI?

[@karlbetrand1301]

How good are you with the calculations? You don't want to be making wild and detrimental calculations to your investments.

[@karlbetrand1301]

If you have a managerial service for investments then you definitely need to leave it for the manager to make proper calculations for you.

[@karlbetrand1301]

I had prior knowledge about interests and all,but I really started having huge cumulative interests from my Investments when I let my manager take full charge of my portfolio. That increased my ROI.

[@turgesten726]

Portfolio management helps me articulate the right span to trade,either long term or short term,and the securities to Invest in for a greater chance at profit making.

[@hollowelljeff2242]

@@karlbetrand1301 okay.

[@lindsayk3599]

Very well presented and critical for anyone/Most important concept in building wealth and protecting wealth i.e credit cards, mortgage Car Loans. If you are having problems grasping this, get someone to explain until you get this. Even if you have to pay someone, grasp this concept thoroughly and put wealth in your pocket not in the banks and loan companies. Get your money working for YOU!!!!

[@nyasha_keith_matevengwe]

WOOOOOOOOOOOOOOOOW This is great, you explained very well for me and now I'm feeling confident enough when it comes to compound interest, thanks so much, keep it up, good job

[@raionik1202]

only if all teachers were like you thank you this helps way more people than you think probably your work is amazing

[@shaynapowell0915]

Really helpful, gave a brief run down on the equation and was able to get through my homework

[@_muheed8675]

Dude ur a fucking legend u thought me everything correctly God bless u

[@itz_rosella654]

Haha same this is actually my report and the other example dosent makw sense this is so easy

[@sleepysawada532]

are most people learning this in high school? I'm in 8th grade doing online school and i'm learning this. I'm guessing that's a good thing. This video really helped

[@blakeclune2958]

I’m in sixth 🤦‍♀️ give us a break

[@sleepysawada532]

Blake Clune （−＿−；）

[@energypalace]

Thank you! Simplest explanation in internet and books combined. You're god sent! Haha

[@tmasst07]

Question coach(or group): why is annual set at '1' and monthly '12'? 12 months in a year make sense but what if I wanted to daily (20 days) or 3-6 months? Thank you all for your help!

[@YTGamerboyPG3D]

yo this dude is a live saver tysm he explained it so easily and the first question he did i understood everything in just 3mins and 50sec! tysm:) i subbed and liked

[@starlenekelly7222]

Oh my God ..this is really great... I almost gave up ...you caught me in the nick of time...new subbie.. thank you ..

[@amberpetersen6087]

Thank you sooooooo muchhhhhh! I used Khan Academy, a personal tutoring page, & also an organic chem tutor & still couldn't get it but thanks to you I understand!

[@adhyayandhote2382]

11 years bro thank you so much

[@AcademicLeadersEd]

Haha you’re welcome! Time flies by

[@meunierluc759]

You saved my life,I am having maths olevel igcse tomorrow and I had no idea of how to do that till I found this video,thank you very much

[@thulanimoyo1020]

OMG, so quick and easy yet i struggled for such a long time😭😭

[@танкист108]

Same

[@trashythetrashcan9741]

I LOVE YOU YOU SAVED MY LIFE YOURE A HERO

[@derrickmartin5284]

And I love you! lol

[@hotsinghshack96]

U are very beautiful

[@hotsinghshack96]

Plzz be my. Bf

[@Theewadah]

Man u r a saver I was gonna die im my exam But u helped me 🤜🤛

[@tsinat1052]

I don't explian about you.... you are very brilliant teacher tanks you so much.🙏🙏🙏🙏🙏🙏

[@Janieveraglobal]

I thought I would never understand this..Thank you soooooo much..im now an expert...God bless

[@connormcleod9895]

5:00 Wouldn't n there be 1/12? In the first exercise n was measured in years. If we put 12, wouldn't we be saying 12 years instead of one month (1/12)?

[@cxbain4728]

Saved me so much time, thank you

[@flyingthundergod3999]

watched 3 vids abt compound interest but didnt understand anthing. watched this vid for 2 mins and i now know how to do it now. Thanks

[@yeaboi6033]

Thx my teacher can’t teach me this like ever. But after 2 minutes of watching this I actually know how to do it now.

[@bestalpha6004]

the numbers of lives saved by this vid

[@danielax2350]

wait, wait, wait. For example 1, how did u worked (1.05)^7 to get $1,407.10 the same for example 2.......? In other words, did u multiply 1.05 and 7 and multiply 1000?

[@monrudker8868]

1.05 is raised to the 7 power, just multiply...1.05 by 1.05 by 1.05 by 1.05...seven times. A lot of videos skip that part. Finally, multiply by 1,000.

[@itz_rosella654]

@@monrudker8868 ooh tats how thank u so so so much thats the part im so confuse at

[@istiyaq37]

@@monrudker8868 You mean he multiplied it 60 times in second example?

[@kNIGHTll1]

@@monrudker8868 Yo man thank you so much.

[@billschaefer8158]

if u google it theres a table u can use. Problem solved.

[@Just_Lochy]

Always useful for refreshing my brain, thanks man!

[@yexin2822]

Thank you... This was the hardest part of my assignment.

[@dragonwarrior6577]

I really cant understand how to take the 1.05 to the power of 7...s there somebody can make explain it clearly...

[@Ice_machine_007]

5 min before my exam just boosted my mark HAHA

[@mattamorris]

This video is 6:31 min long. It is not physically possible that you would of been able to watch this 5min before your exam!!! Gay😱

[@larrydavid3520]

@@mattamorris He could have just watched the first 3 minutes to get a grasp of the formula.

[@Godcatforlife]

@@larrydavid3520 or, theres this thing called exaggeration XD

[@ken-fv9cz]

@@mattamorris lowkey confsued how that's gay

[@prernathawani9842]

@@ken-fv9cz same 😂

[@lun7r565]

How do I still not get it :(

[@Uchiha-br7lk]

thank you so much you made me understand in 6 minutes.

[@galibturzza4810]

Thanks a lot. I was reviewing everything and this made my life easier because My notes are all over the place. I can't even find it lol.

[@reaper0792]

THANK YOU! This topic will be on my exam and you just made it easier to understand

[@Jazzybarker29]

This is explained so much better than my professor, thank yooooou!!!

[@michaelhammond4065]

Thank you for putting this into English for me. Now I get it

[@ahjumma-j9e]

I'm having a hard time on math this year, Very helpful ❤️thanks for showing how to solve it

[@billytinajero5362]

I just taught myself compound interest with your video.

[@quasia9921]

With or without a calculator how can (1.05)^7 * 1000 be 1407.10 ???? Need an answer

[@blank.9301]

I think you leave the $1,000 out because it is already the base value. Like (100%) if you had $1,000 X 140% = $1,400. Even if you calculate it with the $1,000 X (1.05)^7 it still equals the same. Also you need a good $20 calculator with the symbol yx, 👍

[@dinesgundu2189]

i used to strugle in compound intrest now im kicking my self . this was so helpful

[@aiko2255]

THANK YOU SO MUCH! I JUST DID MY COMPOUND INTEREST ASSIGNMENT FLAWLESSLY BECAUSE OF THIS :D

[@fizord-5585]

man I was struggling to do this because my maths teacher couldn't speak english properly and he explained it the most difficult ways possible. I was stressing so much, but after this video i realised it was simple af lmao...

[@justvincent205]

do you have a website or list for the other words that would come out like yearly or monthly?

[@gab9445]

Watching this in class, thank you.

[@FisherMonahan]

Great video, inspired me to make a compound interest video of my own

[@RickyLafleur1]

Thanks so much I was so confused and now I realized it’s easy 😂 I have a compounding interest and simple interest test tmrw

[@icet404]

Why cant you just be my maths teacher; you explain it so well!

[@AcademicLeadersEd]

Thank you!

[@isabellamae2001]

shouldn't the "n" be = 1/12 because the "n" is per year then you should first divide it in the totality of 1 year

[@BNN-Channel]

You really make it look simple to understand please waiting for exponential function

[@MoviesHub-qv7xg]

i was 4 years old when you made this video man

[@user-ww6ii6zn8m]

Awesome video! Compound interest is so important for achieving long term wealth!

[@livingtoinspire5678]

I just love math. It makes sense because it comes with formula. When I was in High school I got all D and C except Math.

[@8_8]

The moment you realise this guy hadn't posted anything for 7 years

[@jeremiahpeterson9835]

you fucking rock my guy, I was doing the long method of compounding indaviduel months, then you said how to use the formula, and I went back and solved my other questions in a literal minute each vs 10-15 a piece.

[@nemosha3987]

This saved me from a mental breakdown :) THANK YOU SO MUCH

[@serkratos1216]

Does this formula give different accumulated values for different compounding periods?!

[@LonaMisa9]

why is there a 10 cents in the first one? there's a alot of numbers on my scientific calculator after i did that, idk what number to look at

[@sashas3362]

Why is it that if n=365 then A isn't much different than if n=12? For the values I am using I am getting a value of only around 9000 for both values of n. Something seems amiss.

[@oldsuper8492]

Thanks alot man you are straightforward and right to the point! unlike my teacher

[@dredolie8873]

tfw you learned more in 6 and a half minutes than you did in an entire week of math classes

[@izzymrt.6900]

How would this play when buying a car. Say the car costs 12000 and you put a down payment of 3000 how would you calculate the monthly payment or using the equation would A be the final price of the car with P being your down payment?

[@compoundinterestinsights]

I have a question , It’s about n. Why is Monthly ( 12 ) more powerful then the others like bi weekly ( 26 ) , annually ( 1 ) , or semi annually ( 2 ) when you don’t take numbers into consideration

[@Miszruaa]

Hello, Thank you for your explanation. I have a question though. Can this formula also work for as t=16 months with an interest of 300% over those 16 months? (monthly an interest of 10%) Or does it only work for a yearly calculation? Thank you in advance

[@xAstolfox]

Thank you for the easy explanation, now my exams should go smoother

[@goodforyou3000]

My question is how do you calculate the amount of time it wood take for compound interest reach specific amount with a known principal and interest rate? i.e how many years would it take for $50000 to reach a million dollars at 5%. I tried natural and base ten log but still couldn't figure it out algebraically.

[@LM_Horsemanship]

*kronk* oh yeah, it’s all comin’ together... But seriously THANK YOU my dude. This helps so much

[@privetvsports]

Thank you so much!

[@seanball5504]

Thank you so much. This really helped me. I was so stressed out about understanding it. Thank you!!!!!!!!!!!!!!!!!!

[@All4Survival]

I WAS GETTING SO CRANKY until I watched this video. You made it so much more simple. Thank you