What is compound interest?

So.. simple interest is when it is applied yearly, and compound interest is when it is applied monthly?

You earn more on compond interest than in Simple interest?

The secret is in the percentage of your weekly check

Still don’t understand it. Guess I’m gonna keep paying it 😂

thank you, this video has given me insights and clarity. I was struggling to understand. Appreciated @Canstar

thanks for your teching

great efforts in making the video!! Thanks

Wait where tf did the 18 cents come from WTf?

Easy to understand

not understood

I’ve been trying to teach every person I know what compound interest is and why it’s so important. Thank you for this simple and beautifully illustrated explanation!

Maybe I’m the one that’s trippin

Can you explain what how compounded daily works? Does the interest accrued daily, get added (for the amount which in the account for that day)?

Use a white board

Makes sense.

My parents know about it but they say they're too busy to do it

Am I the only one confused? My calculations are a bit off, but I can't find where I'm going wrong. Using your example, $1000x5% (0.05) = $50. Withdrawing this each year for 30 years in my calc would be 50x30 which is $1500 in simple interest. in your calculation, I would have 23,250. somebody, please help me out here.

"If only statesmen had been compelled to study law of the laws of Compound Interest, the fate of the whole human race might have been very different." - William Joyce, "Twilight Over England", 1940

These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run?

You so fast

interests make the rich richer and the poor poorer it's haram all the way
thx for explanation

Wait .. where are these places that give you 2% or 5% interest on your deposit? 🤔

The outstanding video explains this concept in less than 3 minutes, instead of a long 1 hour of boring videos. Thank you very much!

How did she get 23 250?

Excellent illustration to get your point across 👌 👍 👏 😀

The saddest part is, NO BANK will give you 2% interest.

hmmmm

1000 euros with 5% compound interest times 144 times equals to 1 million... thats how i made my first million trading crypto. Aim for 5% pull out, find the next deal. Never withdraw money. Do it 144 times on 1k n youll get 1 million..

Enjoy making money

Great Video and keep being a blessing to humans . please, Is there anyone here with the best ideas on how to utilize 40 thousand Dollars and can assure good returns from it?
Any idea ...

What is the dimension of this paper?

Thanks for this insightful video, this is brilliant and quite captivating as well! I Invest my money in forex and it has really been favorable to me this season ever since I was recommended, I make good rewards from my investment on a weekly basis best regards to Mr. Ray Perkins mentorship/guidance 🇺🇸

Those who didn't understand noticed that she was drawing with her left hand

I liked this video and i appreciate❤

Really helpful great job

Wows thanks great work

I prefer simple interest

Thanks for the clarification on these interests. It's a well-done job you did. More grace and inspiration to do more.

Helplass🙄😉

its haram bro

It is to fast

Not so understanding

it sucks...i coudnt understand shit..im watching another video..appre for making the efforts and helping others understand tho.

roses are red violets are blue i came here for homework and i know you did to

woah this was fun!

Gonna be honest, never been so confused in my life.

How do I start? is there a bank in Australia that offers compound interest?

I’m becoming a millionaire soon

Nice effort

Wow Thanks Great work