Finding Compound Interest: Examples of Using the Formula

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  • Опубликовано: 22 окт 2024

Комментарии • 47

  • @survivalistboards
    @survivalistboards Год назад

    Finally, a video that explains every step in detail. thank you

  • @edwardmclaughlin7935
    @edwardmclaughlin7935 4 года назад +2

    I've scoured the other offerings on this topic across youtube, and this is by far the most clearly and fully explained. Unusually for a maths tutor, this man goes out of his way to give those of us who are not naturally number-wise, a means of grabbing the concept and not just the mechanical drill of working toward a correct answer. Very good indeed. Subscribed.

  • @wulfere
    @wulfere 7 лет назад +12

    best example on youtube !!!! kinda underrated

  • @TamaraMarshall10
    @TamaraMarshall10 5 лет назад +2

    Showing me how to complete this with the scientific calculator was key in me finishing this formula. Thank you.

  • @cris..1003
    @cris..1003 4 года назад

    finally a video on youtube that i understood thank you very much you deserve a
    subscription and a like

  • @danielroque657
    @danielroque657 4 года назад

    TeacherTerry thank you so much for your class!. many greetings from Lima, Peru!

  • @amber8949
    @amber8949 7 лет назад +1

    This video helped me more than you can imagine!

  • @Playeszz
    @Playeszz 2 года назад

    I'm presently doing College Maths and this was very helpful.

  • @thewonderfulwolfe6232
    @thewonderfulwolfe6232 7 лет назад

    Thank you so much for posting this. I was really struggling on how to get this until I watched this video.

  • @ChristianRobinson
    @ChristianRobinson 5 лет назад

    This cleared everything up. My calculator didnt have the Yx button... my computer didnt either. I used the xY key and got the same answer. Im now looking up my calculator to see what is the equivalent for exponents. But this video helped me solve a problem I was trying to solve a whole day. My issue was calculating Time and the exponent. * I just looked up how to raise a number to a power other than 2 or 3. It was the same symbol ^ that was displayed on your calculator but I have to use a different button and icon. Got the same answer though. Thanks.

  • @TheCuteMinna
    @TheCuteMinna 10 лет назад +3

    Thank u Thank u Thank u Thank u. I finally have understood how to calculate compound interest. You are the best.

    • @mathclasswithterryv1589
      @mathclasswithterryv1589  10 лет назад +1

      No, ...., you are the best! I appreciate you watching and commenting. Terry V

  • @zhiqing4729
    @zhiqing4729 6 лет назад

    BEST COMPOUND INTEREST VIDEO EVER !!!

  • @boujeeonabudget9666
    @boujeeonabudget9666 8 месяцев назад

    How do you do this without a calculator? I’m testing this weekend and we’re aren’t allowed to use calculators.

  • @marymtshweni4605
    @marymtshweni4605 2 года назад

    Very helpful

  • @Stu_Yorkie
    @Stu_Yorkie 5 лет назад +1

    Thanks, I never understood this till now

  • @crackit2793
    @crackit2793 4 года назад

    Well explained

  • @jennybaquiran6377
    @jennybaquiran6377 4 года назад

    Thankyou so much sir💜

  • @foodandtravelmom2241
    @foodandtravelmom2241 7 лет назад

    Fantastic explanation!

  • @sobiz07buff
    @sobiz07buff 4 года назад

    What about compound interest in which one adds to the principal per month/year. For instance, initial investment of $1000 (+200) every month and that amount compounds at a rate 5% a month... How much would it be after 1yr, 2yrs?!

  • @maryamasgher3922
    @maryamasgher3922 5 лет назад

    Good job

  • @tjthethird4205
    @tjthethird4205 5 лет назад +1

    on the first working out of n*t you just changed the t= 2 1/2 (30) into months but didnt put in the n value which was 12 to multiply the 30.....
    or maybe have i missed something

    • @jonielgarcia5446
      @jonielgarcia5446 4 года назад

      2 and 1/2
      1÷2= 0.5 plus 2 = 2.5
      N=12 monthly x T=2.5yrs
      =30

  • @christinelacson8347
    @christinelacson8347 6 лет назад

    thank you so much for this this is the easiest video that i had seen

  • @chelnelle5812
    @chelnelle5812 7 лет назад +1

    Hello? can u help me? how to solve this question.. the question is like this - A sum of money RM X was deposited in a savings account with interest 7% compounded monthly on 1 june 2013. On 1 September 2015, RM500 is withdrawn and balance as of 1 April 2015 is RM 6464.40. Find the value of X.. PLEASE HELP

  • @antonatanasov1744
    @antonatanasov1744 6 лет назад +1

    Ok and How i can calculate y(x) if i don't have calculator ?

  • @megg7558
    @megg7558 6 лет назад

    How do you solve: if you borrow $2000 that you need to repay it in 12 mths. Installments of $189.12. What is the annual interest?

  • @SuperJemser
    @SuperJemser 7 лет назад +1

    Have the amount, have the principle find the rate of Interest formula please

  • @chontaewhyte6217
    @chontaewhyte6217 5 лет назад

    Thank you :)

  • @professordrabhijitsayamber2299
    @professordrabhijitsayamber2299 3 года назад

    Om shanti k good day please find attached the following ad listing has ended on June and

  • @farhatlamisaothoi6550
    @farhatlamisaothoi6550 4 года назад

    but why wasnt 'n' multiplied by't'????

  • @cheesybuckets2622
    @cheesybuckets2622 8 лет назад

    5: 57 Hey man this video is great but I still don't understand what you did with the 1 and the 0.0025. PLEASEEE HELP, I HAVE EXAM IN 2 WK!! THANK U!! :)

    • @cheesybuckets2622
      @cheesybuckets2622 8 лет назад

      Don't worry I figured it out! Thank you so much man! This really helped a lot :) UR AWESOME

  • @eztech3820
    @eztech3820 7 лет назад

    Why you put 1.07778?

  • @Allison-Kent
    @Allison-Kent 3 года назад +1

    Calculate APR

  • @blahhblahblah4028
    @blahhblahblah4028 7 лет назад

    2 and a half years is 2.6, not 2.5

  • @enrique88005
    @enrique88005 5 лет назад

    Then the govt comes in and takes their cut. Some bullshit

  • @Fascistbeast
    @Fascistbeast 7 лет назад +1

    Thanks mate 👍
    Well explained

    • @SuperKoreanzombie
      @SuperKoreanzombie 7 лет назад

      Fascist tyrant
      Is this possible to do without a calculator? I managed to get up to the 0.025 part but then u have to "power by 30 compounding periods". Thanks