How To Calculate Simple and Compound Interest

[@shariigwe2328]

This teacher literally taught me this in 4mins while my teacher couldn't teach me this in a whole hour

[@rakeshakissoon7652]

Thank you. Best wishes in your studies.

[@qasemtv1737]

Feelings mutually shared!! 😅😅😅😅😅

[@williamkarume6446]

True

[@RavinderKalakanti]

Whwhud

[@BananaDashboard]

Barz😂

[@vaughn_]

Glad to see im not the only one looking this up last second 😅

[@irrelevanttothecause9448]

Thts me right now 😂

[@nonhlanhlazulu2924]

We in this together 😂😂😂😭

[@keisha3445]

me rn 😭

[@mthondlovu8911]

Top to the morning

[@lisakhabiqheya]

Me rn😂😂😭

[@alvaromiguelvillaleverisaa8312]

You just saved me. I had my test this morning and it was really helpful. From having a mindset of failing, when I presented the test I felt I did amazing. Really appreciate your work. Thank you

[@rakeshakissoon7652]

Thank you for inspiring me to keep going. All the best in your studies👍

[@mirnasegura166]

To be honest.. This is the BEST video I have found from RUclips. Explains perfectly, why, and in a few minutes you'll be able to do it. THANK YOU SO MUCH!!

[@rakeshakissoon7652]

Thank you. Please subscribe and share.
Best of luck to you🤗.
I think you will find the video on income tax very useful, grade 12 syllabus.

[@hassanalbaldawy7013]

Honestly its terrible

[@havilahkese8923]

Straight forward thanks for the video God bless you

[@gemzmark2531]

Thank you, simple and easy to understand

[@cora_thee_explorer]

My exam is litterally tommorrow morning, thank you!

[@rakeshakissoon7652]

Al the best

[@darkspace1894]

Wow, I'm great full. You brought up a lot of students, including me. Thank you so much

[@rakeshakissoon7652]

Thank you for the inspiring words and best wishes to you.

[@GameLover45408]

​@@rakeshakissoon7652 how do you calculate simple interest in 10 months?
Like at what rate of simple interest will rm 720 amount to rm 744 in 10 months?

[@lebogangradebe3985]

Thank you, you made this so easy to understand

[@oprahsgran5989]

Needed a refresher to remember after the holidays, thanks so much

[@rakeshakissoon7652]

Happy to be of assistance 😊

[@gamainganarka2176]

Thank you very much teacher.♥️ I understood corectly now.

[@rakeshakissoon7652]

Glad to hear that. Good luck for Trials.

[@aasiyahroman3403]

Thank you so much .this really helped me before an exam . Really Usefull thanks again 💯💯💯💯❤️

[@rakeshakissoon7652]

You are welcome. That makes me really happy. 🌻

[@augustineoluyori7448]

God bless you 🙏🙏😇😇

[@CrystalgraceKola]

I'm happy to watch this to do my assignment easily

[@JoeBlox-bl2lq]

Exam is tomorrow, time to get serous 😂😂

[@zackerysplinters9573]

Fr bruh

[@babita8139]

Really thanks btw from india ❤

[@rakeshakissoon7652]

Wow, so happy to help. Thanks for commenting. Best wishes from South Africa. 🌎

[@Lratiobozo]

you are smart and thanks 👍

[@rakeshakissoon7652]

Best of luck for 2022

[@decreereign701]

Thank you im home schooled and im doing school work on a app called ixl and they explain it bad but you explained it much better

[@rakeshakissoon7652]

That is good to hear. All the best.

[@cozyocelot]

Dankoo❤
Clear handwriting too❤

[@rakeshakissoon7652]

All the best. 👍

[@tyronemarco1132]

U the best
Thank u so much
I thought i was goinv 5o fail

[@rakeshakissoon7652]

You are welcome. Good luck with your studies.

[@vunenempimo]

you are the best i am taughted🤣😁😁😁😁

[@RolaneBaloyi]

Thank you teacher it helps me so much

[@Sasha-gi2nk]

Pov : You're writing maths tommorow 😂

[@JosiahTisack]

This video is very helpful for me

[@rakeshakissoon7652]

@@JosiahTisack I'm happy to hear that.

[@thalentelihle2776]

You're a life saver

[@charleslubega7103]

I’m writing maths tomorrow and this has helped ❤️God bless you

[@rakeshakissoon7652]

Best wishes to you and all maths lit learners.

[@tajehackerp676]

I like the way how she just put it into motion then just simplyfiy it so people can understand what you are doing

[@rakeshakissoon7652]

Thank you

[@marltmle4044]

Thank you 🙌

[@User-asvhgshvjsjh]

Excellent explanation! It helped me so much!

[@rakeshakissoon7652]

Thank you and best wishes in your studies.

[@gunsakimbo9064]

Thank you so much.. This really helped me. God bless

[@rakeshakissoon7652]

Welcome. Best wishes for the final exam.

[@SasaSenyatso]

Thank you ssm mam,im writing my maths exam on Monday❤❤

[@rakeshakissoon7652]

You are welcome. Best wishes for Monday

[@CrystalgraceKola]

Can you solve this for me please
The Question reads ,
Use the first principal approach in order to find the amount to which R1,250 grows if it is invested for two years at 14%p.a where interest is compound half-yearly.

[@vunenempimo]

this is easy and if i knew i would have solved it for you next time though

[@monifilemoni2704]

Whets the difference between interest and balance I'm so confused?

[@kulaniscap]

I’m 29 and I am looking this up.

[@rakeshakissoon7652]

Happy to help

[@ororiseng1065]

Oh thank lord, Mr Mike was gonna kill me😂🎉

[@rakeshakissoon7652]

Make Mr Mike proud.👏

[@charleslubega7103]

Any videos on discounts and markup ?

[@majormajor5454]

why did you not include the formulas?

[@rappa_gen5842]

What formulas

[@Life_with_cassandra-0]

Thank you so much ,this really helped me .👍🏽

[@rakeshakissoon7652]

That's good, best wishes.

[@mulambilubetty]

It's very understandable now 🙊 before 😓 neh

[@kenneththeg742]

I have a test tommorow! Hopefully it goes well😭❤

[@rakeshakissoon7652]

Best wishes.

[@junkfilesnotworthy]

Hear ahead of time, next week gonna be hectic

[@nosiphoshezi-pt2cy]

Super teaching

[@rakeshakissoon7652]

Thanks for your support.

[@borabora423]

Thank you ma'am 😊

[@the_one_and_only_videos]

Helped me for a test

[@rakeshakissoon7652]

Happy to help ☺

[@augustineoluyori7448]

Thanks, I grab now

[@lesego.letsoalo]

Bro you better than my lecture

[@rakeshakissoon7652]

Glad to hear 👏

[@mbalimolefe7521]

THANK YOU

[@bape.ape_5852]

Didnt know there were sa teachers that were like this..

[@rakeshakissoon7652]

Thank you 😊 💓

[@modikiramaisa4619]

So if someone had R100000 and wanted it to grow would u say savings account or compound investment?

[@rakeshakissoon7652]

Look at the interest rate, look at the term of the investment and calculate according to simple interest or compound interest method, then decide on the best option.

[@shanefisher4296]

Can you please give an example of the explanation at the end of the video...about Compound interest (the monthly calculations as well as the 6month calculation)

[@rakeshakissoon7652]

5,5% p.a compounded monthly, the interest rate per month is 5,5% ÷ 12 = 0,4583%

[@rafielmesaias]

What is the R before the numbers?

[@rakeshakissoon7652]

South African currency, Rands.

[@qhayiyandzimande4649]

Thank you so much .

[@rakeshakissoon7652]

Most welcome

[@uyathandwancoko]

I have 1hour left before Business Studies P2 and im here 🤣

[@rakeshakissoon7652]

Hope this was helpful

[@rakeshakissoon7652]

All the best

[@tshegofatsoseroka]

Why was the last example divided by two not six ?

[@rakeshakissoon7652]

If interest is compounded half yearly, then the bank calculates interest twice a year ie once in the 1st six months and once in the 2nd six months hence 5.5% ÷2.

[@tshegofatsoseroka]

@@rakeshakissoon7652 so the 12 there represents 12 months in a year and the 2 is for the two six month periods in a year in which two interests were paid , am I right ?

[@kagisomajiks-ec5jd]

Theres no way i learnt tjis in 4mins 😮,my teacher failed to teach me for 3years!😂

[@rakeshakissoon7652]

Happy to help. Pls share with your classmates.

[@valensei1523]

Thx ma'am

[@rakeshakissoon7652]

All the best in your studies

[@NcobileSuccess]

How do you calculate if they said 2years 4months

[@thatgirlnanaduh5300]

Can the intrest rate be in mixed number

[@rakeshakissoon7652]

Yes

[@ntandocele4088]

I'm writing in the morning 😆

[@rakeshakissoon7652]

Best wishes to you and all grade 12's.

[@victorv1779]

Can you help me caculate this question and get the answer for me, im struggling. How much would you need to invest in an account paying 8%/a compounded annually if you wanted $1500 after 5 years

[@rakeshakissoon7652]

The formula for calculating Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.

[@deadmoon3321]

In the middle of an exam thank you😂

[@rakeshakissoon7652]

Best wishes

[@s.aneleeee_]

Tysm.

[@rakeshakissoon7652]

Welcome😊

[@UkoMzobe]

If I got the answer for example 1356.46
And rounded off
1356.50
Am I wrong

[@balochgaming2839]

thanks

[@rakeshakissoon7652]

Thanks. Remember to share and subscribe

[@MthuyiProduction]

Thank youuuu

[@rakeshakissoon7652]

You're welcome.

[@janematsetela307]

You made it all easy for me😹😊

[@rakeshakissoon7652]

All the best for Trials exams to you and all grade 12s

[@patrickjohnmarais5744]

Last sum (5.5% ÷ 2months?)?...why not 6 months?

[@pretty_boy_zeus7901]

About to write in a few hours

[@rakeshakissoon7652]

All the best.

[@thatgirlnanaduh5300]

Is that the answer for simple interest

[@KganyaSehlole-st8qc]

Sup

[@oladipupogoodness1432]

Please what is interest definition 😢
I didn't get it properly 😊

[@rakeshakissoon7652]

Remember to give the definition according to the given context...loan...interest is money paid on a loan...investment...interest is money earned on an investment

[@katlegongoasheng1441]

writing tommorow, wish me luck guuyyysss

[@rakeshakissoon7652]

All the best 👍

[@gamezone-gj8il]

I use to do this 10000×5,5÷100×24months

[@SthembileKheswa-s5y]

Can you be my tutor

[@shudufhadzomaivha3864]

Not me writing within 2 hrs 😭

[@rakeshakissoon7652]

@@shudufhadzomaivha3864
All the best.

[@tonymontanasilva4262]

Just do for more easy do for simple interest do this 10000x0.055x2=1100

[@victorv1779]

Can u help me solve this question please How much would you need to invest in an account paying 8%/a compounded annually if you wanted $1500 after 5 years. And if answer has decimal can u include it in answer

[@tonymontanasilva4262]

Yes

[@tonymontanasilva4262]

1500(1+0.08)^2 and then solve it in the computer and it’s gonna give it to you

[@frostgaming746]

For compound, interest a faster way could be
N*exponent
P[1+i]

[@rakeshakissoon7652]

Thank you but in Maths Lit we do not use a formula

[@simonrichmond3313]

the voice is sexy damn

[@idk-iz7nc]

thank you so much miss 🫶

[@rakeshakissoon7652]

@@idk-iz7nc happy to help