Business Math - Finance Math (1 of 30) Simple Interest

[@ashwinsiddu1643]

sir u r absolutely great at teaching...u just helped me a lot and thousand other students all over the world..no words to mention ur great dedication..

[@saimudhunuri2862]

Hai bro

[@Nova_1945]

why u indians always say “sir”?

[@SalmanAli-jy1ll]

@@Nova_1945 it is our culture of giving respect

[@babybear1576]

@@Nova_1945 WHY DO UH EVEN CARE?

[@jslnazatulhafeezah1420]

this guy changed my life. thank you sir, love from malaysia!

[@MichelvanBiezen]

Glad we could help. Welcome to the channel!

[@desgjue3672]

Just started

[@hannynero6139]

You need to understand how to use formula and percentages before you can get him. I first went through some struggles then later get what he's saying. Thank you I love it

[@cynnombre6598]

You explained this very well. I haven't started my mathematics of finance class yet but I will be watching your videos to start understanding it. This video was great and you made it very easy to understand. Thank you!

[@hanspogoy5263]

A=P(1+rt) A=P(1+r/m)^mt A=P+I

[@bashkamire8973]

This math is usefull understanting way

[@princessamal5959]

Is finance really hard I'm not good at math 😭😭

[@wyannaburke1701]

same

[@awabalmahi5196]

How did it go champ??

[@kingblue7509]

This is the first time some one show me this and I understand so clearly!!!, i you're a genius.

[@antommylim330]

I watch this simple tutorial like this to practice my python programming. If you're trying to learn programming, it's very useful to practice with simple high school math like this

[@harjitsingh7308]

You know theres a field of mathematics for what you're doing, called numerical methods. It involves learning and creating algoritgms for tackling math problems

[@TotemoGaijin]

This is the kind of math I wish I'd been offered in high school, instead of garbage math like algebra and pre-calc. This is stuff you can actually use on the day to day.

[@MichelvanBiezen]

Yes this is very practical for everyone.

[@jermon983]

I totally agree my friend.

[@JuteTwine]

LOL. The mathematics of finance is nothing if not applied "garbage math".

[@programmingpersistence5716]

algebra and precalc are quite important in finance as well

[@PIXEL0_PAWZ0]

I got taught this in middle school

[@JeremiahMcPeck]

Thank you for taking the time to create and upload these videos on #CollegeMathematics / #FinancialMathematics! I just watched the first and it was very informative; looking forward to learning from the rest. May the Lord bless you! ~ John 3:16-18 etc; Romans 3

[@zeynepcinar1995]

next year i have finance math. might use these videos as a way to undrstand the equations, math for class. you are awesome. at what you do. !! 😀😀

[@MichelvanBiezen]

Yes, these videos will help. (These are based on a class I used to teach called: "business math") 🙂

[@babybear1576]

HEY CAN UH TELL ME WHICH CHANNEL IS BEST FOR BUSINESS MATHEMATICS???

[@sillycheesefart]

this video just taught me everything my teacher has been struggling to teach me for three weeks !! i’m so happy !!!

[@MichelvanBiezen]

Glad you found our video. There are many more covering all kinds of business math.

[@concerned_2023]

Unless I missed this, he forgot to say that interest is calculated per year, as in $2,000.00 X 5% (.05) which is $100 for that year. As it is not compounding, that interest for the first year is not added to the initial investment or loan. This is repeated for year two, and year three hence, $300.00 in interest plus the original $2,000.00 is $2,300.00

[@1000-j2r]

He said it

[@catherinetsuses4806]

Very clear and simple to understand. Short and sweet. Thank you😅

[@tenaj2215]

You're underrated! Thank you.

[@lakoosdragon]

Dude idk how to put it but by the end of the video everything clicked and I felt like I was so smart 😂 thank you so much

[@MichelvanBiezen]

Glad you find the video helpful.

[@RijaMo]

trying to relearn what ive studied in college... this guy bowties fcken adorable

[@Robbiedoesitbest]

im 16 learning this cuz i just need the formulas and math

[@mikedaniels3009]

A rare gem. WHY don't schools reshuffle the maths curriculum and put pragmatic financial education first? A lot of prophylactic good would come from it and a lot of financial disasters later in life could be averted. Thank U, prof Van Biezen.

[@MichelvanBiezen]

That is a very good point. Unfortunately teachers are not free to teach what they think is most important, but are told what to teach, they are told which books to use, and they are told how to teach it. And they are told to carefully avoid certain topics and viewpoints in the classroom.

[@rodelmontero2717]

@@MichelvanBiezen TRUE BUT THERE ARE MORE LIFE THAN SCHOOL THAT WE OUGHT TO ACKNOWLEDGE NOT JUST ABOUT THOSE BOOKS THAT THE STUDENTS ARE BEING TOLD TO MEMORIZE OR SOMETHING LIKE THAT.

[@SuperFiremaster22YT]

Thanks so much I Did not attend the class in school but this video helped me alot :D

[@nafuuuu7]

Needed that, I'm goin to subscribe! Much love from Bangladesh

[@MichelvanBiezen]

Glad you found us. Welcome to the channel!

[@leylasolmaz3978]

you are really good at all of the topics that you teach. you are doing big favor to all student in all around world. Thanks sir

[@janetpuk1860]

Thank you so much for the explanation, I understand better than what I learned at school.

[@gabrielboja8591]

Lol same

[@user-ex8hu1ix1c]

thanks so much for the video! i'm starting college in a few months. going to watch more of your vids!

[@WackyWaffle0123]

Did you major in finance? If so how is it? I plan am starting college soon and I would like to see if it is worth it

[@ashleycalucer6379]

This video is very helpful for us who are learning online. Thank you

[@MichelvanBiezen]

Glad it was helpful!

[@elizabethmstudios8692]

When talking about interest rate, I expect it to be expressed as $/(time). This explains how much money are you accumulating over a certain time period. The 5% interest rate from your example is therefor vague. It could have been 5% per month, quarterly, half yearly or even yearly

[@williamprestage2020]

:[

[@nikvalentincic9764]

Which doesn't matter, since the point was to explain the maths behind it. We don't have a need to know what the unit of time is, it all ends up being $2300 PS: if I'm not mistaken he said 5%/year and we leave mone in the bank for 3 years.

[@meishanails]

SCREAMING THANK YOU SO MUCH! Really appreciate the needed help

[@harishhashim3368]

I Want To Be An Accountant Or A Business Manager Soon,Thanks For Making Of This Video

[@myneurologicaljourney8966]

What actions have you taken so far to work towards your career?

[@harishhashim3368]

I Don't Know

[@harishhashim3368]

@@myneurologicaljourney8966 I'm Just Studying

[@stoicalmoves]

Mehn I am so grateful sir Keep up the good work greatly appreciated

[@MichelvanBiezen]

Appreciated

[@amaya6441]

Thank you so much sir. it's very helpful.😍❤️ i'm from sri lanka

[@MichelvanBiezen]

Glad you found us. Welcome to the channel!

[@raicyceprine8953]

Very short and precise. Love it

[@akshatkhanna1487]

Awesome...great conceptual explanation.

[@MichelvanBiezen]

Glad it was helpful!

[@markbalderas9676]

very great. I will definitely be using this during my time in college!

[@sociallivenews24x7]

Thank you for tasking sir your lecture is very well

[@MichelvanBiezen]

You are welcome. 🙂

[@hanaabu6553]

አመሰግና ለሁ ቀጥልበት 👍

[@rachouthimo9618]

What games can I buy to further my math skills Algebra(1)-Trigonmetry Ex. Monopoly, crosswords,soduku,etc.

[@MichelvanBiezen]

Games are fun. but they will not help you as much as going though the material systematically.

[@Darin.nivine]

Hello, I have a question: If I have a loan worth 5,000,000 for a period of 5 years, it is consumed at an interest rate of 9 percent annually through fixed amortizations (every year we pay off the principal of the loan 5,000,000/5 = 1,000,000). Is there a difference in the loan amortization schedule if the interest is simple and if the interest is compounded? Or there is no difference as long as the interest is paid at the end of each year. Please respond. Thank you

[@MichelvanBiezen]

We have a lot of videos on that topic in the business math section. All loans now have compounded interest and yes there will be a difference if you has a loan with simple interest.

[@abdulhamidsalah89]

Thus is very interesting session and it's will explained

[@jessicadelaney3656]

Great video! You're a wonderful teacher. Thanks!

[@MichelvanBiezen]

You're very welcome!

[@sal191_]

CS math makes this look like a sip of water.

[@ooagabonjoaga2680]

what the fuck does that even mean. it looks like a sip of water? thats not a thing at all.

[@d.alise__]

It’s 1 in the morning and I’m up taking notes

[@MichelvanBiezen]

Sleep is important as well.

[@HasanKhan-qg2yr]

Sirrrr🙌🙌🙌...Thanks a lot sir U made it so easy.

[@madisynjade13]

You managed to help me perfectly understand this with a very limited knowledge of math 😂

[@MichelvanBiezen]

Great! Glad you found our videos! 🙂

[@zivaliedarlpercol6527]

Thank for the video it is very helpful

[@MichelvanBiezen]

Glad it was helpful!

[@khizar1995]

Sir, I think I will fell short of words in explaining your greatness :) > May God Bless You. :D

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kHiZZz 99.99;38.38381.11’

[@fathah7205]

thank you kind sir this is helping alot of folks out

[@yaz3634]

Very good and clear explanation . Thanks

[@jansenpostrero9784]

I just enrolled in a business course and I want to have a head start... your lessons really help me thanks! you've earned a sub. (:

[@jacobssportspredictions6855]

How'd it go?

[@JB-zq5tp]

This is perfect. Thank you Sir for making these videos.

[@jewelsnow7507]

Thank you so much for this video because it was very useful during my financial arithmetic subject for today's board exam... :-D

[@SalemKorayem]

Thank you Sir. I’m math teacher, the Vedio is clear. Thanks.

[@jwest997]

good thing you're not an english teacher

[@auricnihon]

awesome teaching, awesome quality, all around awesomeness

[@mrmorchestra]

Thank you very much sir for this tutorial, God Bless

[@MichelvanBiezen]

You are very welcome

[@nihonheadmgmgthant7239]

Sir you are the best

[@MichelvanBiezen]

Thanks!

[@jesmineisak1099]

thnks u very much . fr u help sir.i will like if u can recommend for me the book or slides. plz i need ur help

[@MichelvanBiezen]

Have you seen the other videos on business math on this channel?

[@celenaburger871]

Amazing teacher!!!

[@mwakajokatunkongege4091]

Thank you sir, now am interested

[@particleonazock2246]

I'm a genius now. STONKS

[@LB__1]

Do you have lessons that help calculate the average daily balance?

[@MichelvanBiezen]

Yes. Watch the videos on daily compounding.

[@daviddoner7316]

Great Video Series. Hope you achieve your goals.

[@vule3122]

Gonna start a business from now

[@MichelvanBiezen]

It is a lot of hard work, but it can be very rewarding.

[@mikallandembang4829]

This is good explanation

[@Worldsbestcupofcoffee]

Great video! Very informative. & I like the tie, is it self tie or pre tied?

[@MichelvanBiezen]

It is a self tie.

[@manniesreactionchannel3808]

Thanks for the video! It is very informative...

[@aitaisakura4281]

Thankyou so much... It helps me a looot

[@phongtrang8146]

God Bless You

[@lkhjb8y]

Great video, keep up the good work guys. :)

[@slinky12349]

Yoo bro thanks for this i want to be a entrepreneur i am 14 any advice for learning?

[@MichelvanBiezen]

To be an entrepeneur, you need experience, and be ready to take risks and work hard. Things you don't learn from books.

[@noahhinojosa9241]

Very helpful

[@donkhatamov505]

Who can recommend a good math book before studying topics like above?

[@tekootianderson]

Thanks. Easy to understand.

[@maistropechu344]

you right . I just crap it immediately . I hope i continue practicing

[@bribeltran7353]

I can’t figure out how o put it in the scientific calculator

[@MichelvanBiezen]

Sorry. I didn't quite understand your question.

[@konuladigozal3353]

Hey guys i will take the finance course soon, but i dont know what kind of math it has( can someone please tell me?!!! Thank you

[@MichelvanBiezen]

You will need algebra, logarithms, exponents, and probably also some basic calculus.

[@yoselinnemarrero7521]

You are great great great teacher

[@ianorpilla9520]

Explained clearly, thanks! It helped a lot

[@BANGLATECH27]

thanks sir, for making this video.

[@manniesreactionchannel3808]

Thanks for breaking it down...

[@chestydevildonut6550]

So, it's like algebra?

[@MichelvanBiezen]

It is algebra, statistics, and calculus applications to business problems.

[@chestydevildonut6550]

@@MichelvanBiezen Thank you so much your great at teaching. I want to switch my major over to finance from logistics. But I have trouble with upper level math.

[@MichelvanBiezen]

When I used to teach business mathematics at the university we had a 2-semester course. The first semester is largerly covered by the videos on this channel. We haven't had a chance to add the videos for the second semester which involves exponential functions and calculus. Take a look at the 4 playlists on this channel and see if you can make sense out of the material.

[@Hadeel_riadh1995]

Thank you so much

[@MichelvanBiezen]

You're most welcome

[@panjataniji4985]

ThanQ so much for this video .

[@MichelvanBiezen]

Most welcome 😊

[@joshuacornelia6656]

oh my god thank you very much sir for explaining this

[@avocation2107]

worth watching

[@MichelvanBiezen]

Thank you.

[@supervilliansvworld2010]

great info, just subscribed

[@McVerizonPresident]

I am slowly watching this so i can pay attention and recap what he just said 😐😐😐

[@mariatalplacido437]

Hey! THIS IS LIT thanks to you :3

[@bontsiledimo9200]

Thanks amazing video

[@geressugendesho3295]

YOU ARE EXPLAING ON GOOD WAY FOR BIGINNERS BUT IT IS NOT INCLUDE ALL STUDENTS THA LEARN BEUSSNESS MATHMATHICS PLEASE REFORM AND POST OTHER VIDEO

[@miladsayad2935]

Wait I am confused. Using your data: Shouldn't you receive : 2,315.25 $ after 3 years? Because your P accumulates in value annually. Year 1: 2000 x 0.05 = 100 interest earned Year 2 : (2000+100)x 0.05= 105 interest earned Year 3 : (2100+ 105) x 0.05 = 110.25 interest earn A= 2,315.25$ I = 315.25$

[@MichelvanBiezen]

Not with "SIMPLE" interest. There is no yearly compounding.

[@miladsayad2935]

@@MichelvanBiezen held!

[@zamambomkhizd9168]

Preparing next semester

[@killerroyale-_-5123]

could you please explain why 5% is 0.05?

[@MichelvanBiezen]

By definition: 100% = 1 Therefore 10% = 10% / 100% = 1/10 = 0.1 and 5% = 5% / 100% = 1/20 = 0.05

[@killerroyale-_-5123]

@@MichelvanBiezen thank you so much !

[@psushilcreator6624]

Nice sar

[@MichelvanBiezen]

Glad you liked it

[@YoosfEsmayl-jp9hz]

So.more money and more time means more interest.

[@MichelvanBiezen]

Yes indeed.

[@kashichandarkhatri2604]

good knowledge

[@jhakejhake128]

Thank you so much 😇

[@badalab]

Thanks sir

[@Clifffffffffford]

Thanks!

[@MsPakir]

Thank You!

[@princesschichi4216]

Thanks somuch well ubstood

[@MichelvanBiezen]

Most welcome

[@farhankushairy1671]

First Year =2100 Second year=2205 Third year=2315.25 Sorry if I was wrong...

[@MichelvanBiezen]

You are correct if you compound it yearly.

[@zzz7408]

thats compound interest. he is dealing with simple interest in this example

[@voxzez]

Ugh this is for college and my math teacher is teaching this for us 6th graders 😒

[@annakopyl269]

I only do not get A=P (1 + rt) variant of the formula

[@MichelvanBiezen]

A is the amount you end up with after P (principal) is invested for t (years) at r (interest rate). A = ($1000) (1 + 0.05(2 years)) = ($1000) (1.1) = $1100

[@annakopyl269]

@@MichelvanBiezen thank you, I understood the definition of A (accumulated amount), it was only one of its formulas that I didn’t get how they would work. Thanks again for such fast and thoughtful response ❤️

[@rafaelbawono8437]

awesome

[@babyhuey2569]

How many topics is for these