Compound Interest - Easy Example + Practice

What if it was 2 years instead of annually?

WHERE THE FUCK DID $1,407.10 COME FROM????????????

Drip network 1% a day

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. 😎

I need to get the interest rate by calculating the nth root and fraction of it, it's confusing, I don't know how to calculate square root, let alone nth root.

Thank you I understand now

Seems easy if t= 2 years or 3 or 4 , but how to calculate if for example t= 18 months ?

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

Homework for both of your.

Dividend Compounding = (1+g)².
Intrinsic Compounding = ?

The happiness that I got after solving 🌺🥲😩😹

You understand this better when you become an adult.

Thank you

That is not real

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

Sir how did you calculate power 7 nd get the number to calculate for 1000

If it was quartely I would be 3 at right?

why is there a 10 cents in the first one? there's a alot of numbers on my scientific calculator after i did that, idk what number to look at

who is here because of selective?
👇

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

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

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

I just love math. It makes sense because it comes with formula. When I was in High school I got all D and C except Math.

thx helped a lot on the test

Our prof made this look more complicated than it actually is 🥲

if you used a calculator in the extended equation why couldn't you just punch the calculation in from the get go.

How can calculate for the period of 399 days

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

I would not invest on this bank - after SEVEN YEARS at 5% per year COMPOUNDED i get $407.10... Better to open a little hotdog stand

Does this formula give different accumulated values for different compounding periods?!

Is the Answer to no.2 not 1,795,193.87 ????

Can anyone explain how the second example is wrong. Should it not be way way more?????.

thank you

Ty

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

what is an easy way to figure out the exponent? That is the trouble I have.

Thank you

you fucking rock my guy, I was doing the long method of compounding indaviduel months, then you said how to use the formula, and I went back and solved my other questions in a literal minute each vs 10-15 a piece.

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!

I am losing at the last steps, I always have the different number

Perfect

Always useful for refreshing my brain, thanks man!

THANK YOU SO MUCH

Thank you so much!

just the college mathematics clep.. Theres about 4 questions on there with compound interest,so its worth knowing , knowing the ti30 calculator is equally as important .

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

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

How would this play when buying a car. Say the car costs 12000 and you put a down payment of 3000 how would you calculate the monthly payment or using the equation would A be the final price of the car with P being your down payment?

Why do we have different formula ugh i hate it it is different everywhere 😓

what if the rate is semi annualy? Is it 2?