Simple and Compound Interest Problems Explained | Algebra 2

[@yourmathtutorvids]

One of the topics you learn in math that has clear real-life applications!

[@surekhabhave3910]

To make the Simple Interest formula for decimal calculations easier we can always do R/100

[@angelorodrg6599]

Thank you! I was absent and did not learned this.

[@inky_finky]

did you miss english too

[@angelorodrg6599]

@@inky_finky Sorry, I'm still learning english is a new language for me :(

[@florlscnt]

@@inky_finky bro not everybody is American or British… believe it or not but outside of the west, people don’t really find English that valuable. Learning a new language is difficult af especially grammar 😂

[@bobbil4749]

Easy to understand. Thanks. Principal, not principle.

[@MammieBurns]

I always appreciate the clarity in your videos!

[@hannahrepollo]

an AMAZING explanation, thank you so much!! i loved that you explained the real life examples

[@FransenieMamen]

Thankyou so much. At least am back on the track by watching your tutorial lesson 🙏🏼

[@NancySam-vd5xh]

Am lucky.i found your channel ❤️💯 You are just professional!

[@Charlotte-tw4vs]

thank you so much for this video. My math teacher expected us to know this on the test when we barely went over it in class and didn't even go over the equation we were supposed to use for this type of problem

[@ItzStOoPiDhOoMaNOFFICAL]

Bro- ours didn't even taught anything about this and he wanted us to do a presentation about this.

[@Charlotte-tw4vs]

@@ItzStOoPiDhOoMaNOFFICAL lol its always the bad math teachers asking their students to make presentations on stuff they're too lazy to teach. my teacher did the same thing a few units back

[@jeromepartosa1693]

In University, the instructors or professors are expecting you to know the topic in advance

[@Charlotte-tw4vs]

@@jeromepartosa1693 yes, my teachers also expect us to know topics in advance before a test. Isn't that a given for any teacher, not just in University? However, it's unreasonable for teachers to expect students to know a topic that hasn't been properly covered in class

[@jeromepartosa1693]

@@Charlotte-tw4vs if you're already in college it is already expected... So do your best University is no longer spoon feeding

[@amiekaba6360]

Is compound interest the same as Amount at the end of the period?

[@RafiKhan-nx3yr]

thank for this .tomorrow i have exam and just understand from this video

[@JustKgomotso_26]

I have a math test tomorrow thank you for this ❤

[@NylrreyojOicangi]

I love your discussion! Its easy to understand!

[@yuvaansaboopro1275]

this was my only doubt in maths thanks for clearing it

[@ayyyana9692]

u saved my life i love u so much

[@momshops]

You make great videos..I'm glad I found your station. I hate to be that person, but I don't want someone to give you a thumbs down.... at around time 2:50 when you write in orange, you had 5% changed to the decimal .005 instead of .05 you can delete this if you want...but I will still send your links to my students. :-)

[@yourmathtutorvids]

Thanks for your comment! It was actually 0.5% which translates to 0.005!

[@yourmathtutorvids]

Also so glad you found this useful for your students!

[@momshops]

@@yourmathtutorvids Yes, I just noticed that! I was going to reply that I missed you saying .5 % for savings that is a really sad interest rate. My Bad

[@yourmathtutorvids]

@@momshops haha agreed - it is a sad interest rate. It’s actually the current interest rate for my savings account 😂

[@BraedinUmin-c8i]

Momshops u gotta stop hating bro shes trying her best dont be a karen

[@armandgnamsie514]

What is the meaning of compounding daily, monthly or yearly?

[@magdalena5565]

Great explanation! Thank you! 🙏🏽

[@ma.elainesalvana2820]

Hello! Do you have any soft copy of this?

[@yourmathtutorvids]

Hello! I’m sorry I don’t but that is a great suggestion that I will keep in mind!

[@lyn2515]

Omg ur so underated

[@yourmathtutorvids]

Ah thank you! 🙏

[@xlfan.mxulana3167]

Can u explain A=1000(1+0.005)12 =1061.68 i try many time to get like ur answer😢

[@Steve-fq8ds]

Should be 1000(1+(.05/12))^12 Monthly compounding.

[@jillianelou17]

hi i need help on 9:10, why do we need to half the 6? why cant it just be 6?

[@yourmathtutorvids]

Hi! The “T” in the formula stands for time in years. So in the problem, if it was 1 year, you can just plug in “1” into the equation. In our problem, it says 6 months which is .5 years, so I plugged in “.5” into the equation

[@PerrineRiyana]

@@yourmathtutorvidsi don’t get it 6 months is half a year so it’s it like times 2 ??

[@thenotoriousmilo9206]

Why do I get $1060 for (Problem 1) Compound Interest?

[@mosesdavid6500]

This really make me understand the topic

[@RichMommyx]

Thank you I got so confused Because I didn't understand what my teacher was saying but you truly helped thanks❤❤❤

[@rustinjarrell2717]

It's kind of important to mention that the interest rate is an APR and what that means.

[@razer6609]

7:31 what do you do with the 12 that's is the only thing I did not understand

[@NancySam-vd5xh]

12 months in a year...hii,hope you didn't pay attention to her

[@mebratmesi]

VThis is again WoWwwww!!!💗 Thanks

[@mebratmesi]

Thank you 💕 for this

[@zianiera]

Thank you

[@AboveNatural-m8c]

Watching this video before a test this helped me ace it

[@jstmatty]

Love this

[@selina4071]

do step by step pls

[@darielaportillo8661]

good video

[@lian7217]

my mind is refusing to process this and my exam is tomorrow morning

[@caroljaymes3880]

Me too snd I’ve got a sire throat!!

[@hiraganq]

​@caroljaymes3880 how is it going now?

[@zhichenggong7487]

why only 89 likes, 5k views in 2 years

[@huntexshadow]

cool

[@qiqi05]

you barley showed the steps omg why can’t anyone just show the full steps

[@herbcruz4697]

Everything, after plugging the numbers in, is just order of operations. In the first example for compound interest, we can see that the exponent will be 12, because 12*1=12. Then (0.06/12)=0.005. So, we have that A=1000*(1+0.005)^12. We also know that 1+0.005=1.005. Hence, A=1000*(1.005)^12. At that point, when you put these numbers in your calculator, you would first raise the 1.005 to the 12th power, and then multiply the result by 1000 (Exponents comes before Multiplication).

[@herbcruz4697]

Putting the numbers in your calculator, and then rounding to the nearest cent, gives you the answer provided in the video.

[@fathiae9263]

Hey don't be rude be thankful they are helping us !! >:(

[@qiqi05]

@@fathiae9263 I don’t remember commenting this

[@leifpatterson2217]

Doesn't actually do the math. What a copout from someone called math tutor. Very unhelpful

[@yourmathtutorvids]

Hello! What steps did you want to see?

[@leifpatterson2217]

How to do the actual math in the problem. You just cut away and give the answer.

[@yourmathtutorvids]

Do you mean for problem #2 for compound interest? I just plugged it into a calculator! If you need help calculating, there are videos out there about PEMDAS / orders of operation / etc

[@leifpatterson2217]

For a math tutor to say “plug into a calculator” isn’t helpful. Luckily other explained better

[@yourmathtutorvids]

@@leifpatterson2217 Noted! Thank you for the feedback! I will try to show more steps next time