Compound Interest - Easy Example + Practice

Thousands of practice questions and explanation videos at:
www.acemymathcourse.com

Пікірлер: 747

  • @Scott_Suede
    @Scott_Suede4 жыл бұрын

    7 years later and you're STILL helping people. Today, I am "people."

  • @semago29

    @semago29

    3 жыл бұрын

    Count me in

  • @australium7374

    @australium7374

    3 жыл бұрын

    my teacher wants me to find the interest rate earned not the actual number :(( dumb school

  • @Blaze8475

    @Blaze8475

    2 жыл бұрын

    1 yr later

  • @pie7197

    @pie7197

    25 күн бұрын

    11 years ago now😭

  • @ChristieGoh-v9k

    @ChristieGoh-v9k

    4 сағат бұрын

    Frrr😅

  • @yeetusfetus8498
    @yeetusfetus84985 жыл бұрын

    I was on the verge of a mental breakdown before this THANK YOU

  • @cococ5409

    @cococ5409

    5 жыл бұрын

    Yeetus Fetus omg same lmao

  • @10010011001100110101

    @10010011001100110101

    4 жыл бұрын

    Yep fuck compound interest

  • @xostunnaxo

    @xostunnaxo

    4 жыл бұрын

    @@10010011001100110101 it be like that

  • @screamingmikewazowski5237

    @screamingmikewazowski5237

    4 жыл бұрын

    Yeetus Fetus Nice Username man

  • @kayzero8366

    @kayzero8366

    4 жыл бұрын

    My teacher made us use khan acedemy vids but i couldnt understand shit and i started crying because it was competly different then how my teacher showed us

  • @donny2446
    @donny24465 жыл бұрын

    most people in youtube videos can explain simple concepts like this, better then most teachers and profs are able to!

  • @retchbill2968

    @retchbill2968

    4 жыл бұрын

    That’s why I’m doing online learning

  • @saitama6427

    @saitama6427

    2 жыл бұрын

    FOR REAL BRUH

  • @charlizebarquin4044

    @charlizebarquin4044

    2 жыл бұрын

    That is very true. I had a cool maths teacher last year, she explained it step by step and I didn't need to watch youtube to learn it again (just going through my notes). But now, I have a different maths teacher, I have to watch youtube vids because I dont like the way how she teaches us...

  • @ronanstander3022

    @ronanstander3022

    Жыл бұрын

    tbh we could finish our work in like 3-5 months. But teachers beat around the bush so much to fill in all those days. But i guess there are people who need extra help

  • @ronanstander3022

    @ronanstander3022

    Жыл бұрын

    but stretching it out like that does tend to make it confusing

  • @orphanofkos1175
    @orphanofkos11756 жыл бұрын

    That moment when you realise it was just simple math the whole time.

  • @benitofrfr

    @benitofrfr

    4 жыл бұрын

    Bitch wym

  • @prernathawani9842

    @prernathawani9842

    4 жыл бұрын

    Ik how you feel!!!!! 😭

  • @Airbud.17

    @Airbud.17

    3 жыл бұрын

    I don’t understand why I didn’t get it 😭 but now I do my teacher thought I was stupid

  • @vantete4350

    @vantete4350

    3 жыл бұрын

    I cant even understand it BRUH

  • @maried9383

    @maried9383

    3 жыл бұрын

    Omg ikr I knew I payed attention to a certain extent to get the formula

  • @Justaguy5099
    @Justaguy50996 жыл бұрын

    My professor couldn't explain in 2 hrs what you did in 6 minutes

  • @neverserious7837

    @neverserious7837

    5 жыл бұрын

    Hey you round the cents to get the final answers right?

  • @user-pj7wg5th6w

    @user-pj7wg5th6w

    5 жыл бұрын

    @@neverserious7837 only if the question demands to.

  • @202cardline

    @202cardline

    5 жыл бұрын

    @@neverserious7837 I guess...in real life yes but with money you have to round down, not up. Yet for some reason my online math homework wanted me .666 to become .67 despite that not making any sense in terms of money. So annoyed....

  • @kaven101

    @kaven101

    5 жыл бұрын

    😂😂😂😂

  • @cosmicanbu

    @cosmicanbu

    4 жыл бұрын

    I wish this was in my Recommendation feed.

  • @kNIGHTll1
    @kNIGHTll15 жыл бұрын

    My teacher is explaining me this for 4 days but I couldn't understand anything. You are great. You explained me this in 3 min

  • @cindyfahy3227

    @cindyfahy3227

    5 жыл бұрын

    My exact problem

  • @anameforgoogle3192

    @anameforgoogle3192

    2 жыл бұрын

    Your teacher is not the problem, you are.

  • @nhnova1452

    @nhnova1452

    2 жыл бұрын

    @@anameforgoogle3192 the amount of times I see people blame their teachers is amazing

  • @YTGamerboyPG3D

    @YTGamerboyPG3D

    2 жыл бұрын

    @@anameforgoogle3192 facts:)

  • @YTGamerboyPG3D

    @YTGamerboyPG3D

    2 жыл бұрын

    @@nhnova1452 lol i mean somtimes we understand somtimes we dont so it teachers fault and also ours for not asking them and still we dont understand then its their fault (like me) and thats why we have online youtube teachers which is wayy better:)

  • @dddaakotuhhh
    @dddaakotuhhh5 жыл бұрын

    My maths teacher makes this so hard, when literally this video makes so much sense

  • @OctobrTea
    @OctobrTea4 жыл бұрын

    The 321 people who disliked are other math teachers, jealous of him

  • @thiccpandayt3718

    @thiccpandayt3718

    3 жыл бұрын

    505

  • @thiccpandayt3718

    @thiccpandayt3718

    3 жыл бұрын

    i mean 501

  • @thiccpandayt3718

    @thiccpandayt3718

    3 жыл бұрын

    6.9k viiews 69 nice

  • @delhivoy8973

    @delhivoy8973

    3 жыл бұрын

    504

  • @jamesolbrisch2582
    @jamesolbrisch25824 жыл бұрын

    Awesome I went from crying trying to understand this to working it like I own the bank. Thanks!!

  • @licity_
    @licity_3 жыл бұрын

    After searching the web for a good video explaining this concept, finally I found yours. Amazing, walks through and fully teaches the formula, thank you.

  • @sonalipandey2854
    @sonalipandey28545 жыл бұрын

    Man you are awesome.. This was the first time I have ever understood CI with this much clarity.. With only 8 days left of my exam.. Thanks

  • @JakeCraftMine
    @JakeCraftMine6 жыл бұрын

    Helped a lot! I missed a bunch of math classes and this helped me catch up! Thank you!

  • @someguy_313

    @someguy_313

    2 жыл бұрын

    samee

  • @fish2099
    @fish20993 жыл бұрын

    This video.. it’s sent from the gods to help those who are stuck on math problems.. thank you so much

  • @kekspade
    @kekspade4 жыл бұрын

    Tysm!!! I was literally freaking out cause I have a test tomorrow, but you explained it so well I can practically do it in my sleep! Thank you!

  • @Spaded_Ac3
    @Spaded_Ac33 жыл бұрын

    This man is a GOD SEND! I was about to turn in work unfinished till I found this!

  • @abbeym9118
    @abbeym91185 жыл бұрын

    I’m in seventh grade why am I learning this Thx it helped!

  • @kennesmith4891

    @kennesmith4891

    5 жыл бұрын

    Ashley Arkensi sammeeee😂😩

  • @ezrahenry4927

    @ezrahenry4927

    5 жыл бұрын

    Lol 😂

  • @lezhaosicne6387

    @lezhaosicne6387

    5 жыл бұрын

    this is useful shit, save as much as you can until youre 18 and invest that shit, learned from my dad that waiting until youre much older to invest is a big mistake

  • @seanball5504

    @seanball5504

    5 жыл бұрын

    Sameeeee

  • @swaggerameister

    @swaggerameister

    4 жыл бұрын

    Creeper Aw man This is the only math you need to know!

  • @porshac00
    @porshac00 Жыл бұрын

    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. 😎

  • @jordiedell883
    @jordiedell8834 жыл бұрын

    I've been stressing about this all week cause I can't understand my teacher but this made so much sense, Thank You!!

  • @elijahkirkland1307
    @elijahkirkland13073 жыл бұрын

    Thank you, I finally get the concept now and I’m fully ready for the test tomorrow, thank you for helping me understand this! :)

  • @8_8
    @8_83 жыл бұрын

    The moment you realise this guy hadn't posted anything for 7 years

  • @meunierluc759
    @meunierluc7595 жыл бұрын

    You saved my life,I am having maths olevel igcse tomorrow and I had no idea of how to do that till I found this video,thank you very much

  • @vinayakmalhotra5317
    @vinayakmalhotra53172 жыл бұрын

    8 years later. U are still helping people. Thanks a lot 😁

  • @Minipopcat99
    @Minipopcat994 жыл бұрын

    My last 2 braincells trying to understand just caught on fire

  • @coomslayer2307

    @coomslayer2307

    3 жыл бұрын

    yes fire am stroke

  • @maejkim
    @maejkim2 жыл бұрын

    i have this now in my module and all i see are formulas and numbers. the teacher provided an example but with no explanation at all. it's driving me crazy. thank you so much for this! ❤️

  • @raionik1202
    @raionik12023 жыл бұрын

    only if all teachers were like you thank you this helps way more people than you think probably your work is amazing

  • @solarogx7476
    @solarogx74763 жыл бұрын

    THIS IS THE VIDEO I WAS LOOKING FOR THANK YOU SOOO MUCH!!!! I was given all those formulas but having someone tell you everything makes it just click

  • @nyasha_keith_matevengwe
    @nyasha_keith_matevengwe3 жыл бұрын

    WOOOOOOOOOOOOOOOOW This is great, you explained very well for me and now I'm feeling confident enough when it comes to compound interest, thanks so much, keep it up, good job

  • @bestalpha6004
    @bestalpha60043 жыл бұрын

    the numbers of lives saved by this vid

  • @galibturzza4810
    @galibturzza48106 жыл бұрын

    Thanks a lot. I was reviewing everything and this made my life easier because My notes are all over the place. I can't even find it lol.

  • @angelawining9656
    @angelawining96563 жыл бұрын

    ughhh, finally someone can explain it short, simple, and understandable. thank youuu

  • @rodmaradrianbaingan2448
    @rodmaradrianbaingan24482 жыл бұрын

    8 years later you're still helping students such as myself

  • @Dier

    @Dier

    2 жыл бұрын

    facts

  • @ruthsteen4967
    @ruthsteen49674 жыл бұрын

    All these videos, and I have finally seen the light! So happy!

  • @ajrobles4782
    @ajrobles47822 жыл бұрын

    My midterm exam on my business math subject will start in 30mins and you just save me. Thank you may Godbless you forever!

  • @firewired3230
    @firewired32303 жыл бұрын

    My teacher just plopped notes on our desks about compound interest and just said “read it”.. we all struggled to understand it to a point some of us put it in the recycling. Thank u

  • @sasha-gayewright9790
    @sasha-gayewright97906 жыл бұрын

    VEEEEEEEEEERRRRRRRRRRRRYYYYYYYYYYYYY USEFUL, THIS VIDEO WAS INDESCRIBABLY AWESOME AND VERY EXPLANATORY

  • @starlenekelly7222
    @starlenekelly72224 жыл бұрын

    Oh my God ..this is really great... I almost gave up ...you caught me in the nick of time...new subbie.. thank you ..

  • @ahjussi59
    @ahjussi593 жыл бұрын

    I'm having a hard time on math this year, Very helpful ❤️thanks for showing how to solve it

  • @Theewadah
    @Theewadah4 жыл бұрын

    Man u r a saver I was gonna die im my exam But u helped me 🤜🤛

  • @shaynapowell0915
    @shaynapowell0915 Жыл бұрын

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

  • @user-ww6ii6zn8m
    @user-ww6ii6zn8m5 жыл бұрын

    Awesome video! Compound interest is so important for achieving long term wealth!

  • @Uchiha-br7lk
    @Uchiha-br7lk6 жыл бұрын

    thank you so much you made me understand in 6 minutes.

  • @therandomvideoexpert485
    @therandomvideoexpert4856 жыл бұрын

    Comment if you're here for finals

  • @JaySkiTooFive

    @JaySkiTooFive

    6 жыл бұрын

    yessir

  • @sasha-gayewright9790

    @sasha-gayewright9790

    6 жыл бұрын

    sure am

  • @milkyantiaap8694

    @milkyantiaap8694

    6 жыл бұрын

    The Random video expert woohhh hope i pass my test ill update you soon

  • @carolr4650

    @carolr4650

    6 жыл бұрын

    offff couuurrseee

  • @kimkim9838

    @kimkim9838

    6 жыл бұрын

    Yaa

  • @trashythetrashcan9741
    @trashythetrashcan97417 жыл бұрын

    I LOVE YOU YOU SAVED MY LIFE YOURE A HERO

  • @derrickmartin5284

    @derrickmartin5284

    5 жыл бұрын

    And I love you! lol

  • @hotsinghshack96

    @hotsinghshack96

    4 жыл бұрын

    U are very beautiful

  • @hotsinghshack96

    @hotsinghshack96

    4 жыл бұрын

    Plzz be my. Bf

  • @reaper0792
    @reaper07924 жыл бұрын

    THANK YOU! This topic will be on my exam and you just made it easier to understand

  • @energypalace
    @energypalace3 жыл бұрын

    Thank you! Simplest explanation in internet and books combined. You're god sent! Haha

  • @YTGamerboyPG3D
    @YTGamerboyPG3D2 жыл бұрын

    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

  • @jennacooper358
    @jennacooper3584 жыл бұрын

    This is great really helped. Couldn't wrap my head around it until this video. :)

  • @hollowelljeff2242
    @hollowelljeff22424 жыл бұрын

    can I apply this formula to predict outcomes of my ROI?

  • @karlbetrand1301

    @karlbetrand1301

    4 жыл бұрын

    How good are you with the calculations? You don't want to be making wild and detrimental calculations to your investments.

  • @karlbetrand1301

    @karlbetrand1301

    4 жыл бұрын

    If you have a managerial service for investments then you definitely need to leave it for the manager to make proper calculations for you.

  • @karlbetrand1301

    @karlbetrand1301

    4 жыл бұрын

    I had prior knowledge about interests and all,but I really started having huge cumulative interests from my Investments when I let my manager take full charge of my portfolio. That increased my ROI.

  • @turgesten726

    @turgesten726

    4 жыл бұрын

    Portfolio management helps me articulate the right span to trade,either long term or short term,and the securities to Invest in for a greater chance at profit making.

  • @hollowelljeff2242

    @hollowelljeff2242

    4 жыл бұрын

    @@karlbetrand1301 okay.

  • @amberpetersen6087
    @amberpetersen60873 жыл бұрын

    Thank you sooooooo muchhhhhh! I used Khan Academy, a personal tutoring page, & also an organic chem tutor & still couldn't get it but thanks to you I understand!

  • @thulanimoyo1020
    @thulanimoyo10204 жыл бұрын

    OMG, so quick and easy yet i struggled for such a long time😭😭

  • @user-pm9qz8fw1z

    @user-pm9qz8fw1z

    3 жыл бұрын

    Same

  • @Jazzybarker29
    @Jazzybarker294 жыл бұрын

    This is explained so much better than my professor, thank yooooou!!!

  • @Just_Lochy
    @Just_Lochy Жыл бұрын

    Always useful for refreshing my brain, thanks man!

  • @Gutierrez_K
    @Gutierrez_K6 жыл бұрын

    Great explanation. Thank you so much!

  • @_muheed8675
    @_muheed86756 жыл бұрын

    Dude ur a fucking legend u thought me everything correctly God bless u

  • @itz_rosella654

    @itz_rosella654

    5 жыл бұрын

    Haha same this is actually my report and the other example dosent makw sense this is so easy

  • @eyish3249
    @eyish32492 жыл бұрын

    Thank you so much for this video, it really helped me how to solve and compute the performance tasks given by my teacher at GenMath.

  • @flyingthundergod3999
    @flyingthundergod39994 жыл бұрын

    watched 3 vids abt compound interest but didnt understand anthing. watched this vid for 2 mins and i now know how to do it now. Thanks

  • @aiko2255
    @aiko22552 жыл бұрын

    THANK YOU SO MUCH! I JUST DID MY COMPOUND INTEREST ASSIGNMENT FLAWLESSLY BECAUSE OF THIS :D

  • @dinesgundu2189
    @dinesgundu21893 жыл бұрын

    i used to strugle in compound intrest now im kicking my self . this was so helpful

  • @xAstolfox
    @xAstolfox5 жыл бұрын

    Thank you for the easy explanation, now my exams should go smoother

  • @cxbain4728
    @cxbain47283 жыл бұрын

    Saved me so much time, thank you

  • @meimo6190
    @meimo61903 жыл бұрын

    Thank you so much for this! I had a hard time learning this before! Thankyoouuu!

  • @Ice_machine_007
    @Ice_machine_0075 жыл бұрын

    5 min before my exam just boosted my mark HAHA

  • @mattamorris

    @mattamorris

    5 жыл бұрын

    This video is 6:31 min long. It is not physically possible that you would of been able to watch this 5min before your exam!!! Gay😱

  • @larrydavid3520

    @larrydavid3520

    5 жыл бұрын

    @@mattamorris He could have just watched the first 3 minutes to get a grasp of the formula.

  • @Garfield7410

    @Garfield7410

    5 жыл бұрын

    @@larrydavid3520 or, theres this thing called exaggeration XD

  • @ken-fv9cz

    @ken-fv9cz

    4 жыл бұрын

    @@mattamorris lowkey confsued how that's gay

  • @prernathawani9842

    @prernathawani9842

    4 жыл бұрын

    @@ken-fv9cz same 😂

  • @billytinajero5362
    @billytinajero53624 жыл бұрын

    I just taught myself compound interest with your video.

  • @BibiMona
    @BibiMona4 жыл бұрын

    Really easy to understand!! Thank you for this video!!

  • @lindsayk3599
    @lindsayk35993 жыл бұрын

    Very well presented and critical for anyone/Most important concept in building wealth and protecting wealth i.e credit cards, mortgage Car Loans. If you are having problems grasping this, get someone to explain until you get this. Even if you have to pay someone, grasp this concept thoroughly and put wealth in your pocket not in the banks and loan companies. Get your money working for YOU!!!!

  • @nyonahh9809
    @nyonahh98094 жыл бұрын

    This is honestly the easiest video I watched I just have one question when doing compound interest will it always be (1 +r/n)

  • @Janieveraglobal
    @Janieveraglobal3 жыл бұрын

    I thought I would never understand this..Thank you soooooo much..im now an expert...God bless

  • @jewellslyfe8175
    @jewellslyfe81755 жыл бұрын

    Omg thanks so much this video was perfect!!

  • @Miszruaa
    @Miszruaa2 жыл бұрын

    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

  • @98_shubhamr.sharma78
    @98_shubhamr.sharma785 жыл бұрын

    Thank you so much!!!!! Keep up the good work

  • @tsinat1052
    @tsinat1052 Жыл бұрын

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

  • @katishaalfred5632
    @katishaalfred56326 жыл бұрын

    Thank you for helping me to understand...it was very clear 😊

  • @wadebundren8955
    @wadebundren89552 жыл бұрын

    Love this! It helped me in no time! Keep it up!

  • @fizord-5585
    @fizord-55854 жыл бұрын

    man I was struggling to do this because my maths teacher couldn't speak english properly and he explained it the most difficult ways possible. I was stressing so much, but after this video i realised it was simple af lmao...

  • @yeaboi6033
    @yeaboi60332 жыл бұрын

    Thx my teacher can’t teach me this like ever. But after 2 minutes of watching this I actually know how to do it now.

  • @RickyLafleur1
    @RickyLafleur1 Жыл бұрын

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

  • @tmasst07
    @tmasst07 Жыл бұрын

    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!

  • @annx617
    @annx6174 жыл бұрын

    Okay this is so easy wtf i spend so much time trying to understand my teacher in class and here i am understood it within 5mins

  • @andreadsilva3794
    @andreadsilva37944 жыл бұрын

    This helped so much!! Thank you!!

  • @chloee7532
    @chloee75327 жыл бұрын

    Thanks took me forever to learn this :) this helped me

  • @tino8752
    @tino87527 жыл бұрын

    Best video! very helpful.thank you.

  • @St-jh8pk
    @St-jh8pk3 жыл бұрын

    Thank you so much, this was SUPER HELPFUL!

  • @kritirajkaurflora8789
    @kritirajkaurflora87896 жыл бұрын

    I have a test due in 3 days and I’m trying to figure out when did my school teacher explained this to me........ Thank you so much for this video

  • @mochapine305
    @mochapine3055 жыл бұрын

    this actually helped, thanks

  • @FaisalAhmad-dm3lq
    @FaisalAhmad-dm3lq5 жыл бұрын

    Good video mate, helped me understand it :)

  • @sarveshdikshit8287
    @sarveshdikshit82874 жыл бұрын

    Thanks for the good session! For good English videos I must recommend Vidya Guru sessions are very good to watch. I have learnt many new words from their videos.

  • @yexin2822
    @yexin28222 жыл бұрын

    Thank you... This was the hardest part of my assignment.

  • @the.dialogue41
    @the.dialogue414 жыл бұрын

    Still helps in 2020. Thank you man

  • @All4Survival
    @All4Survival2 жыл бұрын

    I WAS GETTING SO CRANKY until I watched this video. You made it so much more simple. Thank you

  • @noel5525
    @noel5525 Жыл бұрын

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

  • @sammyclark435
    @sammyclark4354 жыл бұрын

    Thank you so much. I missed this lesson and when I tell you I panicked I mean I seriously PANICKED. Ty

  • @aboutwhat735
    @aboutwhat7356 жыл бұрын

    thx its so easy with you

  • @phuthumanihlope7559
    @phuthumanihlope75594 жыл бұрын

    Thank you! Very clearly explained.

  • @fireboltzer0634
    @fireboltzer06345 жыл бұрын

    Thank you so much for your help

  • @FisherMonahan
    @FisherMonahan4 жыл бұрын

    Great video, inspired me to make a compound interest video of my own

  • @jeremiahpeterson9835
    @jeremiahpeterson9835 Жыл бұрын

    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.

  • @AqeelKhan-Avenger
    @AqeelKhan-Avenger6 жыл бұрын

    Hats off to you sir, very very useful video

  • @commenter6763
    @commenter67632 жыл бұрын

    I am trying to put an Excel sheet together that shows my actual returns in my 401K. In that example, the interest earned is not static like in the video; it varies depending on market performance. I want to know how an account balance is compounded over multiple years with a fluctuation in percentage return. Ex: a balance in an ETF that returns an average of 10% over ten years. However, each year would've returned different percentages, so is the math really accurate if you just use the average, even though each year the principal balance would be different?

  • @morganavery2527
    @morganavery25274 жыл бұрын

    Thank you, your video helped me a lot!

  • @rame.wrangler
    @rame.wrangler3 жыл бұрын

    *kronk* oh yeah, it’s all comin’ together... But seriously THANK YOU my dude. This helps so much