I was struggling with the quarterly compounded interest especially with the terrible formula provided in the books but this was easy to understand and remember. Thank you!
The first time I came across Compound interest was in middle school. I never understood it. But now I understand why we divide the rate by the number of periods and 100. Took me 10 years to understand this lmao. Thank you so much Philip. You are doing God's work.
@@xenovialara5028 i got 306 with preperation of 2-3 months and working full time, so i am happy with that, I messed up one quantitative session otherwise 310 was easy.
I'm in the process of preparing for the GRE, and your explanations make things look easier, I hope I will be able to perform very well on the exam as well.
I have read a lot of materials and yet the whole concept and formulas look so abstruse but your video of less than 20 min just clear all my doubt. Like you explain math concepts in a way that even a dummy would understand. Mehn hats off.
Percents and compound interest really scared me so much that I found it difficult to even try few questions.. seeing this video makes me believe that I can crack such questions.. my gre is in 18 days and I neglected this topic because of fear but now I will practice more questions.. thank you so much to make it so easyy
One more fantastic video! Feel like watching your entire channel, but would take an eternity - so going as per my need. Thank you Philip for helping us so invaluably for free!
I'm preparing for the GRE Test with the ETS GRE Maths Review handbook found online and your videos are really helpful. Thanks for the tips, I'll make sure to practice the tricks to speed up the calculations.
I used to hate compounding so much but after watching this video, I a so relieved that I actually got the concept! Thank you so much for sharing your knowledge, sir! :)
Your videos are just the thing for GRE Prep. Brilliantly explained. Thanks Phillip. It's just that I didn't get to know, how we got 1.005 at 9:50. we get the 1 by adding 1 (due to increase in final amount) to probably 0.005, but I didn't understand how we got 0.005 from 1/2 %
I liked the way you taught Compound Interests ,I never liked this topic and was going to skip it but it was so easy when you explained it.. All the content and the tricks you shared are marvelous I wish I could have seen your content earlier ..Keep up the good work 🤎🤍Thank you for being a wonderful Mentor 😇
You have simplified a really teasing concept into such a sweet pill.. take a bow...please do something similar with the Permutation/Combination & Probability concepts tested on the GMAT
You're a legend! Thanks for your contribution, all your videos help take out the jargon from basic math concepts. I hope you keep at it and I wish you the very best.
This helped me imagine these interest problems in terms of percentage increases than mere formulae. The formulas are very forgetful as you have mentioned. Thanks.
Philip this video was a blastttt!!!💥 The formulae in the books are soo confusing! Thank you for all the videos! I have my gre after 4days and the videos are helping me to boost my confidence! 😌😌 Thankyou so much!! ✌
@@wisespidey I mostly watched Philip's and GregMat's videos and used Manhattan GRE's 5lb book for quants. For AWA, you can also check the official GRE website for the essay topic pool to practice.
I love how you made me feel so much better at the end when you said i am the don ^^, well technically everyone who watches it till the end is a don i guess , and well keep making more such videos , My gmat is in a month and i watch yours like i use my flashcards , its such a godsent , Thank you
Thank you a lot for your videos. They are incredibly helpful! I am trying to watch all of them! Did you make those personal finance videos that you mentioned? I searched but did not find them. Please let me know since I imagine they would be the same as impressive as the 5 list. Thank you a lot again!!!
Excellent way to solve the problems. Really helpful the way you explain. I have a little suggestion, when you are calculating in words if the calculation is illustrated on screen that would be very comfortable for most of the students. Keep going with your novel approach. God bless you.
@@TheTestedTutor the way you presented prime factorization video is phenomenal. I was expecting like that, maybe all aspirant will love the approach. Thank you for sharing your invaluable thoughts.
I am following your channel and I find your contents undoubtedly helpful. I am sorry that I am quite fussy about the interest rates you have given. While introducing the interest rates, I think, it would have been more clearer if you'd added per annum/ per year behind it (since I have seen almost all of the questions do that), as people (such as myself) might be confused while dealing it. For instance, taking the 4th question as reference, 6% per annum would be 3% per six months and 0.5% per month, and all of these will yeild the same calculation.
That is my real issue.. I am not good with memorizing all the math formulas.. if I can understand just how to understand and apply the thinking process I am good. I'm going to finish this video tomorrow as I start my study for the GRE in December.
Your videos are great. I just had a small question. what if the statement of question 1 was like "dollar 2000 is invested at 5% interest rate annually then what will be the worth after 3 years? will the question 1 and 2 in video will yield the same result?
Thank you, I actually looking for this info.... can I ask if there are any short cuts available to double, triple, 5 times money using compound interest quarterly, annually, or monthly...
Hey Philip, would you be able to do a question similar to the Example 2.7.12 in the official GRE Math Review, where they us to find the rate rather than the amount. Also, would this be common on the GRE? Thanks and keep up the good work!
I have two problems that I would like to see you set up. I have a problem creating equations for these type of problems. Here are the problems. 1. Tiffany invested a total of $7,000. Part of the money was invested in a money market account that paid 12% simple annual interest, and the remainder of the money was invested in a fund that paid 7% simple annual interest. If the total interest earned at the end of the first year from these investments was $365, how much did Tiffany invest at 12% and how much at 7%? 2. Two cars started from the same point and traveled on a straight course in opposite directions for 3 hours, at which time they were 315 miles apart. If one car traveled, on average, 10 miles faster than the other car, what was the average speed of each car for the 3-hour trip? Thanks, Lillian
You're the best GRE Math tutor I've ever come across. Brilliant, you are!!
You can say that again!
I was struggling with the quarterly compounded interest especially with the terrible formula provided in the books but this was easy to understand and remember. Thank you!
you're simply the best Bro... you've made GRE/GMAT QUANT easier and less scary for millions of intending students. God bless you
The first time I came across Compound interest was in middle school. I never understood it. But now I understand why we divide the rate by the number of periods and 100. Took me 10 years to understand this lmao. Thank you so much Philip. You are doing God's work.
Was always scared of solving questions related to Compound interest, but not anymore. All thanks to you!
This Man is a legend. Wish you could teach me in person.🥺🥺 Your tricks and methods are really amazing. My GRE is in 18 days. I hope it goes well.
Thanks man, good luck
@@TheTestedTutor Same situation here, great videos. Also, did someone tell you, that you look like Kevin De Bruyne
how did it go?
@@xenovialara5028 i got 306 with preperation of 2-3 months and working full time, so i am happy with that, I messed up one quantitative session otherwise 310 was easy.
@@divyamsharma5198 try khan academy videos over these for quant, also ETS main guide questions. The questions here rarely appear in the test
It's been 4 years since this video was made, but even after the revised GRE syllabus, your videos are still relevant and succinct
Thanks a lot
You are by far one of the best GRE tutors I know! Thankyou for sharing your knowledge with us!
I'm in the process of preparing for the GRE, and your explanations make things look easier, I hope I will be able to perform very well on the exam as well.
I have read a lot of materials and yet the whole concept and formulas look so abstruse but your video of less than 20 min just clear all my doubt. Like you explain math concepts in a way that even a dummy would understand. Mehn hats off.
Percents and compound interest really scared me so much that I found it difficult to even try few questions.. seeing this video makes me believe that I can crack such questions.. my gre is in 18 days and I neglected this topic because of fear but now I will practice more questions.. thank you so much to make it so easyy
One more fantastic video! Feel like watching your entire channel, but would take an eternity - so going as per my need. Thank you Philip for helping us so invaluably for free!
I'm preparing for the GRE Test with the ETS GRE Maths Review handbook found online and your videos are really helpful.
Thanks for the tips, I'll make sure to practice the tricks to speed up the calculations.
Thank you so much, you're the best. You calmness in explanation is top-notch.
I swear, the best prep channel...this Man is Amazingggg
I used to hate compounding so much but after watching this video, I a so relieved that I actually got the concept! Thank you so much for sharing your knowledge, sir! :)
Thanks so much Josna!
Your videos are just the thing for GRE Prep. Brilliantly explained. Thanks Phillip. It's just that I didn't get to know, how we got 1.005 at 9:50. we get the 1 by adding 1 (due to increase in final amount) to probably 0.005, but I didn't understand how we got 0.005 from 1/2 %
(1+0.5/100)
Or you can simply try the formula
Compound Amount= P[1+(r/n)]^nt
Where n is the no. Of compounding duration per yaer
Thanks a lot Philip!!! I used to struggle with SI and CI but your videos are making me fall in love with all these concepts :D
I've literally revisited this video many a times.😂. Thanks a tonnes tested tutor. This is gold.
The maths teacher I've needed all my life is you.
That means a lot!
I would not have grown up with math anxiety, if I had teacher like this 🙏🏿
Oh my god!! I was not at all good at this compound interest questions and after this video of yours, I am acing it...Thanks to you 🎊🎊
Philip you are incredibly good at teaching complex math in very simple way. Wishing you very good luck.
Thanks Nazmun! :)
I liked the way you taught Compound Interests ,I never liked this topic and was going to skip it but it was so easy when you explained it.. All the content and the tricks you shared are marvelous I wish I could have seen your content earlier ..Keep up the good work 🤎🤍Thank you for being a wonderful Mentor 😇
Thank you so much~~!! Interest has always been somewhat of an enigma to me. This cleared it right up.
You have simplified a really teasing concept into such a sweet pill.. take a bow...please do something similar with the Permutation/Combination & Probability concepts tested on the GMAT
I did! Check them out!
You're a legend!
Thanks for your contribution, all your videos help take out the jargon from basic math concepts. I hope you keep at it and I wish you the very best.
This helped me imagine these interest problems in terms of percentage increases than mere formulae. The formulas are very forgetful as you have mentioned. Thanks.
The explanation is simple but adequate to help the novice learner become proficient in working with compound interest.
I have GRE on oct 10 and your videos have been so helpful to me. The explanation is lucid ,hats off . Exceptional knowledge and great teaching
That means a lot Neha. I try my best. Do stick with the channel.
This was brilliant, thank you. I felt very confident on this subject, but with your explanation I know I will remember this for the test.
Please add this to the GRE Quant playlist! Love all your videos, they've been helping me a lot!
Done! And thank you
I learned so many things from you. Really helpful. Thank you.
The best video I have ever seen related to Simple and Compound interest.
Thanks mate :-)
Glad it helped Akash
Thanks Philip! 😊 My GRE is tomorrow, this is quick to remember.
No problem and good luck!
Philip this video was a blastttt!!!💥
The formulae in the books are soo confusing!
Thank you for all the videos!
I have my gre after 4days and the videos are helping me to boost my confidence! 😌😌
Thankyou so much!! ✌
hey! i have my gre in about a week's time. how did yours go ?
@@ishywishy27 How did yours go?
@@wisespidey I ended up with a 310 (154 Q, 156 V). Mostly because it was hard juggling work full-time and studying for the test at the same time
@@ishywishy27 may I ask what material you used and what mocks you gave?
@@wisespidey I mostly watched Philip's and GregMat's videos and used Manhattan GRE's 5lb book for quants. For AWA, you can also check the official GRE website for the essay topic pool to practice.
These are just crazy tricks to decieve those egregious formulas, big kudos to you pal....
Thanks Ayush!
thank you so much for this! i have my gre in a week's time and your videos have been a lifesaver!
You are making this fun and engaging, Top quality!
Thank you, Philip. You're amazing!
Your videos are the best! They have helped me so much! Thank you!!
Thank you so much Abena for the generous donation and message
I love how you made me feel so much better at the end when you said i am the don ^^, well technically everyone who watches it till the end is a don i guess , and well keep making more such videos , My gmat is in a month and i watch yours like i use my flashcards , its such a godsent , Thank you
Now I understand its core meaning, before that I solved this kind of questions using formulas without understanding. Thank you very much
This helped! Thank you. I’m taking the GRE on the 31st.
Thanks for your loyal support Naz
Good luck nabulsi
I have my GRE on Monday, and your channel has come out handy
@@ShadrackOsero Thanks Osero
What a guy. He makes Math so simple.
Thanks aditya
OMG !! never thought it could be so easy.. hats off sir
Nice!!
Thank you sir for teaching the concept
You made it look so simple , thank you so much !
Wow, that's much better than the formula, which I keep forgetting. Thank you!
Thanku so much Philip for making this difficult topic so easy to comprehend 🙌
My pleasure!
Thank you a lot for your videos. They are incredibly helpful! I am trying to watch all of them! Did you make those personal finance videos that you mentioned? I searched but did not find them. Please let me know since I imagine they would be the same as impressive as the 5 list. Thank you a lot again!!!
Thanks Philip! Happy teacher's day to one of the best teachers I have had :)
Wow thank you Gayatri
One of the best tricks I have ever came across. Your vidoes helps to understand the concepts very easily.
Awesome, thank you deepa!
This helped me a lot man.
Really, you're crazy man.
Thank You. I'm taking my GRE on the 25th of Aug.
Glad I could help!
Excellent way to solve the problems. Really helpful the way you explain. I have a little suggestion, when you are calculating in words if the calculation is illustrated on screen that would be very comfortable for most of the students. Keep going with your novel approach. God bless you.
Thanks Saddam. What do you think of my recent Quant explainers?
@@TheTestedTutor the way you presented prime factorization video is phenomenal. I was expecting like that, maybe all aspirant will love the approach. Thank you for sharing your invaluable thoughts.
You're simply the best! Better than all the rest! 🎶
Very helpful and easy to interpret.
I am following your channel and I find your contents undoubtedly helpful.
I am sorry that I am quite fussy about the interest rates you have given. While introducing the interest rates, I think, it would have been more clearer if you'd added per annum/ per year behind it (since I have seen almost all of the questions do that), as people (such as myself) might be confused while dealing it. For instance, taking the 4th question as reference, 6% per annum would be 3% per six months and 0.5% per month, and all of these will yeild the same calculation.
Next time I will say per annum!
This is very apt and great technique .Great tuition by all standards.
Thank you Samuel
Thank you so much!! Your video is so helpful!
You are a life saver Philip🙏
Excellent way to explain these!
Awesome the best tutor in the game.
Glad you think so!
You deserve many more subs! awesome content... thanks so much
I wish!
thanks for the insights. i really enjoy your explanations
How shud I thank you sir
No one explained how to calculate compound interst the way you made it !
Love from India 🇮🇳
You are perfect. Thanks a lot, now I understand it. It is so easy with you. But I have 1 question, why 1.005?
very helpful and informative
That is my real issue.. I am not good with memorizing all the math formulas.. if I can understand just how to understand and apply the thinking process I am good.
I'm going to finish this video tomorrow as I start my study for the GRE in December.
Good luck, let us know
Sir thanks..I love your explanation.. It is lucid and transparent
Thanks a tone, Philip for these videos 😊👍🏻👌🏻👌🏻
Could you possibly explain why it would be 1.005 instead of 1.50? I am struggling to find an understanding of the last problem. Thank you!
Amazing dude I could never get this!! Thanks so much my gre is today hehehehe😅
Amazing Tricks!💫
Hey Philip do you have any Statistics Guide or tips in your channel especially MEAN MEDIAN MODE??
Yes, I have 4 videos on these! Can just search in youtube search bar or in my playlists
Wonderfully explained. Thank you.
You're very welcome!
Thanks a lot for this neat trick
You're doing awesome work!! Thank you. You make all the downsides of the internet age worth it, haha.
Haha, high praise!
Great Video. Easy to understand and very helpful.
Thanks it is such a great help
THIS ONE WAS MY FAVORITE
Your videos are great. I just had a small question. what if the statement of question 1 was like "dollar 2000 is invested at 5% interest rate annually then what will be the worth after 3 years? will the question 1 and 2 in video will yield the same result?
This was really helpful. Thanks!!
This was amazing!
Thank you, I actually looking for this info.... can I ask if there are any short cuts available to double, triple, 5 times money using compound interest quarterly, annually, or monthly...
And the GRE Best Teacher Prize goes to Philip!
Btw, could you please explain why 0,5% becomes 1,005?
0,5%= 0,005. If the amount increases by 0,5, you have to multiply that amount by 1,005.
Thank you so much for this
Hey Philip, would you be able to do a question similar to the Example 2.7.12 in the official GRE Math Review, where they us to find the rate rather than the amount. Also, would this be common on the GRE? Thanks and keep up the good work!
I have two problems that I would like to see you set up. I have a problem creating equations for these type of problems. Here are the problems.
1. Tiffany invested a total of $7,000. Part of the money was invested in a money market account that paid 12% simple annual interest, and the remainder of the money was invested in a fund that paid 7% simple annual interest. If the total interest earned at the end of the first year from these investments was $365, how much did Tiffany invest at 12% and how much at 7%?
2. Two cars started from the same point and traveled on a straight course in opposite directions for 3 hours, at which time they were 315 miles apart. If one car traveled, on average, 10 miles faster than the other car, what was the average speed of each car for the 3-hour trip?
Thanks,
Lillian
Great questions! Weighted averages and relative speed. Will do these very soon. Remind me if I don't! Thanks again Lilian.
Very helpful video sir. Lots of respect for you sir. Keep making such videos please.❤️
Sure 👍
Hi Tutor,
Thanks for the videos and explanation but I didn't the point where 1.05 is coming in compound interest
Thank you. You are an awesome tutor!!!
Thanks so much Lilian
In the last problem, the rate is 6% per month or 6% per year?
Got confused with the wordings in another problem so just wanted to make sure.
Just super 🎉🎉, you are gem, will comment on each video I see
Great Explaination. Thanks!
Thanks man
Great video!
Amazing explanation
Glad you liked it
Im happy I made the beast mode correct
very helpful Philip Great
Could you please write down your explanation for the second last question .
you're a legend! Thanks a ton