Compound Interest - Easy Example + Practice

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  • Опубликовано: 23 янв 2013
  • Thousands of practice questions and explanation videos at:
    www.acemymathcourse.com

Комментарии • 742

  • @Scott_Suede
    @Scott_Suede 4 года назад +343

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

    • @semago29
      @semago29 3 года назад +1

      Count me in

    • @australium7374
      @australium7374 3 года назад +1

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

    • @Blaze8475
      @Blaze8475 2 года назад +1

      1 yr later

  • @yeetusfetus8498
    @yeetusfetus8498 4 года назад +301

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

    • @cococ5409
      @cococ5409 4 года назад +5

      Yeetus Fetus omg same lmao

    • @10010011001100110101
      @10010011001100110101 4 года назад +10

      Yep fuck compound interest

    • @xostunnaxo
      @xostunnaxo 4 года назад +3

      @@10010011001100110101 it be like that

    • @screamingmikewazowski5237
      @screamingmikewazowski5237 4 года назад +1

      Yeetus Fetus Nice Username man

    • @kayzero8366
      @kayzero8366 4 года назад +4

      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

  • @donny2446
    @donny2446 5 лет назад +363

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

    • @retchbill2968
      @retchbill2968 4 года назад +2

      That’s why I’m doing online learning

    • @saitama6427
      @saitama6427 2 года назад +1

      FOR REAL BRUH

    • @charlizebarquin4044
      @charlizebarquin4044 2 года назад

      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
      @ronanstander3022 Год назад

      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
      @ronanstander3022 Год назад

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

  • @samuelisger9124
    @samuelisger9124 6 лет назад +739

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

    • @neverserious7837
      @neverserious7837 5 лет назад

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

    • @user-pj7wg5th6w
      @user-pj7wg5th6w 5 лет назад +5

      @@neverserious7837 only if the question demands to.

    • @202cardline
      @202cardline 5 лет назад +6

      @@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
      @kaven101 5 лет назад

      😂😂😂😂

    • @cosmicanbu
      @cosmicanbu 4 года назад

      I wish this was in my Recommendation feed.

  • @orphanofkos1175
    @orphanofkos1175 6 лет назад +931

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

    • @benitofrfr
      @benitofrfr 3 года назад +28

      Bitch wym

    • @prernathawani9842
      @prernathawani9842 3 года назад +20

      Ik how you feel!!!!! 😭

    • @Airbud.17
      @Airbud.17 3 года назад +27

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

    • @vantete4350
      @vantete4350 3 года назад +9

      I cant even understand it BRUH

    • @maried9383
      @maried9383 3 года назад +4

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

  • @kNIGHTll1
    @kNIGHTll1 5 лет назад +177

    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
      @cindyfahy3227 4 года назад +2

      My exact problem

    • @anameforgoogle3192
      @anameforgoogle3192 2 года назад +3

      Your teacher is not the problem, you are.

    • @nhnova1452
      @nhnova1452 2 года назад +1

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

    • @YTGamerboyPG3D
      @YTGamerboyPG3D Год назад

      @@anameforgoogle3192 facts:)

    • @YTGamerboyPG3D
      @YTGamerboyPG3D Год назад

      @@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:)

  • @OctobrTea
    @OctobrTea 4 года назад +103

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

  • @jamesolbrisch2582
    @jamesolbrisch2582 4 года назад +14

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

  • @dddaakotuhhh
    @dddaakotuhhh 5 лет назад +31

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

  • @licity_
    @licity_ 3 года назад +3

    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.

  • @abbeym9118
    @abbeym9118 5 лет назад +100

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

    • @kennesmith4891
      @kennesmith4891 5 лет назад +1

      Ashley Arkensi sammeeee😂😩

    • @ezrahenry4927
      @ezrahenry4927 5 лет назад

      Lol 😂

    • @lezhaosicne6387
      @lezhaosicne6387 4 года назад +14

      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
      @seanball5504 4 года назад +1

      Sameeeee

    • @swaggerameister
      @swaggerameister 4 года назад

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

  • @therandomvideoexpert485
    @therandomvideoexpert485 6 лет назад +263

    Comment if you're here for finals

  • @sonalipandey2854
    @sonalipandey2854 5 лет назад +2

    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

  • @kekspade
    @kekspade 3 года назад +7

    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!

  • @fish2099
    @fish2099 3 года назад +3

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

  • @jordiedell883
    @jordiedell883 4 года назад +3

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

  • @JakeCraftMine
    @JakeCraftMine 6 лет назад +22

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

  • @Minipopcat99
    @Minipopcat99 3 года назад +8

    My last 2 braincells trying to understand just caught on fire

  • @porshac00
    @porshac00 10 месяцев назад +1

    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. 😎

  • @vinayakmalhotra5317
    @vinayakmalhotra5317 2 года назад

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

  • @Spaded_Ac3
    @Spaded_Ac3 3 года назад

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

  • @ruthsteen4967
    @ruthsteen4967 3 года назад

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

  • @nyasha_keith_matevengwe
    @nyasha_keith_matevengwe 3 года назад +3

    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

  • @maejkim
    @maejkim 2 года назад

    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! ❤️

  • @8_8
    @8_8 3 года назад +2

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

  • @elijahkirkland1307
    @elijahkirkland1307 3 года назад +22

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

  • @raionik1202
    @raionik1202 3 года назад +1

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

  • @meunierluc759
    @meunierluc759 5 лет назад

    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

  • @solarogx7476
    @solarogx7476 3 года назад

    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

  • @galibturzza4810
    @galibturzza4810 6 лет назад +2

    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.

  • @ajrobles4782
    @ajrobles4782 2 года назад

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

  • @angelawining9656
    @angelawining9656 3 года назад

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

  • @user-ww6ii6zn8m
    @user-ww6ii6zn8m 5 лет назад +1

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

  • @bestalpha6004
    @bestalpha6004 3 года назад +3

    the numbers of lives saved by this vid

  • @starlenekelly7222
    @starlenekelly7222 4 года назад +2

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

  • @ahjussi59
    @ahjussi59 3 года назад +1

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

  • @Uchiha-br7lk
    @Uchiha-br7lk 5 лет назад +8

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

  • @shaynapowell0915
    @shaynapowell0915 Год назад +1

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

  • @firewired3230
    @firewired3230 3 года назад

    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

  • @YTGamerboyPG3D
    @YTGamerboyPG3D Год назад +1

    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

  • @nyonahh9809
    @nyonahh9809 4 года назад +7

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

  • @reaper0792
    @reaper0792 4 года назад

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

  • @Just_Lochy
    @Just_Lochy Год назад +1

    Always useful for refreshing my brain, thanks man!

  • @iinn14
    @iinn14 4 года назад +6

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

  • @amberpetersen6087
    @amberpetersen6087 3 года назад +1

    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!

  • @Ice_machine_007
    @Ice_machine_007 5 лет назад +33

    5 min before my exam just boosted my mark HAHA

    • @mattamorris
      @mattamorris 4 года назад +2

      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
      @larrydavid3520 4 года назад +5

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

    • @Garfield7410
      @Garfield7410 4 года назад +7

      @@larrydavid3520 or, theres this thing called exaggeration XD

    • @ken-fv9cz
      @ken-fv9cz 4 года назад

      @@mattamorris lowkey confsued how that's gay

    • @prernathawani9842
      @prernathawani9842 3 года назад +1

      @@ken-fv9cz same 😂

  • @eyish3249
    @eyish3249 2 года назад

    Thank you so much for this video, it really helped me how to solve and compute the performance tasks given by my teacher at GenMath.

  • @energypalace
    @energypalace 3 года назад

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

  • @Gutierrez_K
    @Gutierrez_K 6 лет назад +1

    Great explanation. Thank you so much!

  • @rodmaradrianbaingan2448
    @rodmaradrianbaingan2448 2 года назад +1

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

    • @Dier
      @Dier 2 года назад

      facts

  • @Jazzybarker29
    @Jazzybarker29 3 года назад

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

  • @happykendra4539
    @happykendra4539 3 года назад

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

  • @jennacooper358
    @jennacooper358 4 года назад

    This is great really helped. Couldn't wrap my head around it until this video. :)

  • @lindsayk3599
    @lindsayk3599 3 года назад

    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!!!!

  • @sasha-gayewright9790
    @sasha-gayewright9790 6 лет назад +27

    VEEEEEEEEEERRRRRRRRRRRRYYYYYYYYYYYYY USEFUL, THIS VIDEO WAS INDESCRIBABLY AWESOME AND VERY EXPLANATORY

  • @tmasst07
    @tmasst07 Год назад +1

    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!

  • @billytinajero5362
    @billytinajero5362 4 года назад

    I just taught myself compound interest with your video.

  • @wadebundren8955
    @wadebundren8955 2 года назад +1

    Love this! It helped me in no time! Keep it up!

  • @harleycarter3819
    @harleycarter3819 5 лет назад +1

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

  • @mona3560
    @mona3560 4 года назад

    Really easy to understand!! Thank you for this video!!

  • @meimo6190
    @meimo6190 3 года назад

    Thank you so much for this! I had a hard time learning this before! Thankyoouuu!

  • @aiko2255
    @aiko2255 2 года назад

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

  • @sarveshdikshit8287
    @sarveshdikshit8287 4 года назад

    Thanks for the good session! For good English videos I must recommend Vidya Guru sessions are very good to watch. I have learnt many new words from their videos.

  • @Miszruaa
    @Miszruaa Год назад

    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

  • @98_shubhamr.sharma78
    @98_shubhamr.sharma78 5 лет назад +3

    Thank you so much!!!!!
    Keep up the good work

  • @flyingthundergod3999
    @flyingthundergod3999 4 года назад

    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

  • @morganavery2527
    @morganavery2527 4 года назад +1

    Thank you, your video helped me a lot!

  • @the.dialogue41
    @the.dialogue41 3 года назад

    Still helps in 2020. Thank you man

  • @JohnMarston0123
    @JohnMarston0123 Год назад

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

  • @andreadsilva3794
    @andreadsilva3794 3 года назад +1

    This helped so much!! Thank you!!

  • @jewellslyfe8175
    @jewellslyfe8175 5 лет назад +3

    Omg thanks so much this video was perfect!!

  • @FisherMonahan
    @FisherMonahan 4 года назад +1

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

  • @tsinat1052
    @tsinat1052 Год назад +1

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

  • @noel5525
    @noel5525 Год назад

    geez bro thanks so much this actually helped me I was struggling thanks

  • @cxbain4728
    @cxbain4728 3 года назад +1

    Saved me so much time, thank you

  • @thulanimoyo1020
    @thulanimoyo1020 4 года назад +5

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

  • @kritirajkaurflora8789
    @kritirajkaurflora8789 6 лет назад

    I have a test due in 3 days and I’m trying to figure out when did my school teacher explained this to me........
    Thank you so much for this video

  • @yexin2822
    @yexin2822 2 года назад

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

  • @St-jh8pk
    @St-jh8pk 3 года назад

    Thank you so much, this was SUPER HELPFUL!

  • @chloee7532
    @chloee7532 7 лет назад +1

    Thanks took me forever to learn this :) this helped me

  • @michaelhammond4065
    @michaelhammond4065 Год назад

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

  • @katishaalfred5632
    @katishaalfred5632 6 лет назад

    Thank you for helping me to understand...it was very clear 😊

  • @jadex38
    @jadex38 5 месяцев назад

    Great tutorial - Great channel- Subscribed😊

  • @yeaboi6033
    @yeaboi6033 2 года назад

    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.

  • @tino8752
    @tino8752 6 лет назад

    Best video! very helpful.thank you.

  • @dinesgundu2189
    @dinesgundu2189 3 года назад +1

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

  • @dredolie8873
    @dredolie8873 3 года назад +11

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

  • @_muheed8675
    @_muheed8675 6 лет назад +22

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

    • @itz_rosella654
      @itz_rosella654 5 лет назад

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

  • @daniella7119
    @daniella7119 4 года назад

    great video! I understand it much better now.

  • @MrRajajee
    @MrRajajee 6 лет назад

    Hats off to you sir, very very useful video

  • @phuthumanihlope7559
    @phuthumanihlope7559 4 года назад

    Thank you! Very clearly explained.

  • @mochapine305
    @mochapine305 5 лет назад +2

    this actually helped, thanks

  • @hollowelljeff2242
    @hollowelljeff2242 4 года назад +28

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

    • @karlbetrand1301
      @karlbetrand1301 4 года назад +7

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

    • @karlbetrand1301
      @karlbetrand1301 4 года назад +3

      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
      @karlbetrand1301 4 года назад +5

      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
      @turgesten726 4 года назад +3

      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
      @hollowelljeff2242 4 года назад

      @@karlbetrand1301 okay.

  • @oldsuper8492
    @oldsuper8492 2 года назад

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

  • @commenter6763
    @commenter6763 2 года назад

    I am trying to put an Excel sheet together that shows my actual returns in my 401K. In that example, the interest earned is not static like in the video; it varies depending on market performance. I want to know how an account balance is compounded over multiple years with a fluctuation in percentage return. Ex: a balance in an ETF that returns an average of 10% over ten years. However, each year would've returned different percentages, so is the math really accurate if you just use the average, even though each year the principal balance would be different?

  • @gab9445
    @gab9445 3 года назад

    Watching this in class, thank you.

  • @fireboltzer0634
    @fireboltzer0634 5 лет назад +2

    Thank you so much for your help

  • @Zhizhi_cos
    @Zhizhi_cos 2 года назад

    Thank you so much. Finally understand this topic.

  • @justvincent205
    @justvincent205 Год назад

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

  • @mawayousif4678
    @mawayousif4678 Год назад

    I REALLY APPRECIATE UR HELP THIS WAS VERY HELPFUL THANK YOU SO MUCH !!