Compound Interest

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  • Опубліковано 15 лип 2020
  • This finance video tutorial explains how to calculate the compound interest on an annual, quarterly, and monthly basis.
    Logarithms - The Easy Way! • Logarithms - The Easy ...
    Log to Exponential Form:
    • Writing Logarithmic Eq...
    Change of Base Formula:
    • Change of Base Formula...
    Change of Base Log Problem:
    • Logarithms
    Properties of Logarithms:
    • Properties of Logarithms
    ____________________________________
    Expanding Logarithmic Expressions:
    • Expanding Logarithmic ...
    Condensing Logarithmic Expressions:
    • Condensing Logarithmic...
    Natural Logarithms:
    • Natural Logarithms
    Solving Exponential Equations:
    • Solving Exponential Eq...
    Exponential Equations - Quadratic Form:
    • Solving Exponential Eq...
    _______________________________________
    Solving Logarithmic Equations:
    • Solving Logarithmic Eq...
    Graphing Logarithmic Functions:
    • Graphing Logarithmic F...
    Graphing Exponential Functions:
    • How To Graph Exponenti...
    Compound Interest Word Problems:
    • Compound Interest
    Logarithms Practice Problems:
    • Logarithms - Practice ...
    _______________________________________
    Final Exams and Video Playlists:
    www.video-tutor.net/
    Full-Length Videos and Worksheets:
    / collections

КОМЕНТАРІ • 145

  • @TheOrganicChemistryTutor
    @TheOrganicChemistryTutor  Рік тому +11

    Next Video: ua-cam.com/video/Ln97Hd7AiDc/v-deo.html
    Final Exams and Video Playlists: www.video-tutor.net/

  • @user-uk7qb3cg7t
    @user-uk7qb3cg7t 4 місяці тому +32

    you and khan academy have singlehandedly saved us all

  • @nicolenoelle4446
    @nicolenoelle4446 Рік тому +77

    This video you made cured the tears I have shed due to not understanding each step! Thank you SO much for such a clear, step-by-step, presentation.

    • @user-wt8bc6mc4j
      @user-wt8bc6mc4j 8 місяців тому

      we shida mzungu maisha raha raha tu hausomi qmmk

    • @rickrolld9023
      @rickrolld9023 5 місяців тому

      lol 😂​@@user-wt8bc6mc4j

    • @rickrolld9023
      @rickrolld9023 5 місяців тому

      ​@@user-wt8bc6mc4j u from asia?

    • @TheRealPaul_Morphy
      @TheRealPaul_Morphy 3 місяці тому +1

      ​@user-wt8bc6mc4j That's partially true, but our school systems don't teach kids how to study. The same goes for parents in the US. The US school system is every kid for themselves, and if you need help studying you have to find a kid of similar abilities to work with. You can't even ask your parents for help since most parents in the US don't even know how to do fractions, lol. And if they place you in a sped class you're even more screwed, they're just going to have you sitting in a segregated room for 5 hours a day, doing nothing but counting to 10 multiple times. Honestly the US would be better off if they cut their sped programs.

  • @reemmohamed6394
    @reemmohamed6394 Рік тому +28

    A very helpful channel . I appreciate your effort. keep going 💪

  • @sumangkalamveerasami7131
    @sumangkalamveerasami7131 4 роки тому +43

    Thank you so much for your knowledge its really helpful

    • @littlechemist
      @littlechemist 4 роки тому

      ua-cam.com/video/PAmXNyD6c20/v-deo.html

  • @some199
    @some199 Рік тому +7

    I passed my math final with your channel. Thanks bro XD💕

  • @Jowonne
    @Jowonne 2 роки тому +13

    Thank you for always saving my ass when it comes to science and math

  • @beastryan
    @beastryan Рік тому +3

    Thx it helps a lot with Homework!

  • @breeb2231
    @breeb2231 3 місяці тому

    helped me so much, it was so easy after watching this video. Thank you !!

  • @kanechabot
    @kanechabot 3 роки тому +202

    Now do this without a calculator, multiple times, in under 2 minutes per problem Mwahaha! ...welcome to Missouri S&T

    • @urfather8256
      @urfather8256 Рік тому +22

      there's no way you can solve that w/out calcu in just 2 mins

    • @herambsharma7408
      @herambsharma7408 Рік тому +5

      @@urfather8256 it's easy

    • @Jaelaniees
      @Jaelaniees Рік тому +4

      Shits ez passed that with a score of 1600

    • @spider-manfoundawayhome690
      @spider-manfoundawayhome690 Рік тому +1

      Bro in Australia Victoria for the sehs exam we need to solve this in 30 seconds 😢

    • @watchf
      @watchf Рік тому +2

      @@spider-manfoundawayhome690 yeah but with calculator or no

  • @mitsuru338
    @mitsuru338 2 роки тому +3

    Thank you man!

  • @lekemorfaw4375
    @lekemorfaw4375 Рік тому +16

    How can you tell whether a question is talking about compound interest or simple interest? Got any tips/tricks/secret behind it pls Sir?

    • @Lnxtcc
      @Lnxtcc 9 місяців тому +7

      like "compounded" or phrases related to time periods and formulas for compound interest, while keywords like "simple interest" or "flat interest rate" typically indicate questions about simple interest.

  • @Berrybuzzbuzz
    @Berrybuzzbuzz 4 місяці тому

    Thank you this helped me so much 😁

  • @MdNasim-og9wu
    @MdNasim-og9wu Рік тому +2

    Thank you so much
    From Bangladesh 🇧🇩

  • @hvacwiz7877
    @hvacwiz7877 Рік тому +5

    thanks i knew the formula forgot how to do math lol

  • @Plumbingadjacentdrainguy
    @Plumbingadjacentdrainguy Місяць тому

    Thanks for the breakdown

  • @calero7288
    @calero7288 2 роки тому +2

    thanks you realy help me

  • @justengineer6276
    @justengineer6276 Рік тому +3

    Helpful, but still need some explanations on the nontabulated interests if One has advance payment 0f say $1220 recovery= $152.5 at 4.5% quarter yearly interest and 8.25 yearly payments? P=1003 , how is this result calculated?

  • @adi-uo8gg
    @adi-uo8gg 6 місяців тому

    Guy just made over 7 million sub. With 1 screen and his brain 👏👏👏

  • @DylanBartOfficial
    @DylanBartOfficial 6 місяців тому +3

    Thank youuuuu

  • @MrEJYourSolarExpert
    @MrEJYourSolarExpert 3 роки тому +6

    love your channel... thank you very much. i have a question... what formula can i use to know the price increase on electric bills? example utility bills have an increase of 4% on average annually. So if a home owner is paying .13 cents per kwh and consumes 2500kwh per year... what would the price per kwh be in 25 years from now? thanks !!!!

    • @JasmeetSingh-un9mp
      @JasmeetSingh-un9mp 2 роки тому

      HE IS SUS HE DOESN'T REPLIES I ALSO ASKED HIM A QUESTION BUT HE DIDN'T REPLIED.HE IS SUS TODAY 1 YEAR REACHED WHEN I ASKED HIM A QUESTION.I HAVE TO SAY THAT HE IS SUS😠😠😠

    • @FkTurbo.
      @FkTurbo. 5 місяців тому +1

      I know your comment is years old but it has multiple likes and no replies. So in case anyone else is wondering you would take the starting amount ( .13 in this case) and multiply it by 1.04 (1.00 represents the original amount and .04 represents the 4% annual increase) raised to the 24th power (^24 and not ^25 because the year 1 starting power is itself).
      So the equation would be .13(1.04)^24=.33 kwh

  • @Roboseal2
    @Roboseal2 5 місяців тому +7

    I'm in math rn

  • @thatomofolo452
    @thatomofolo452 10 місяців тому +1

    Very good 👍👍😊

  • @Nepaliteacher841
    @Nepaliteacher841 3 місяці тому

    Nice informating v❤❤❤

  • @chapendekasamson5038
    @chapendekasamson5038 2 роки тому +3

    I want to follow your lecture

  • @facohido67
    @facohido67 5 місяців тому

    so like don't mind but like you do all kind of math like algebra , indices and like ratios so like don't you ever forget them after a while . for e. g I give you a paper right now with all the questions of maths problems that you made videos own . so will you able to answer those or not ?

  • @geewizrsx
    @geewizrsx 2 місяці тому

    What about yearly instead of quarterly or monthly? What wiuld the n be for that?

  • @kelvin_ccp
    @kelvin_ccp 12 днів тому

    Still very helpful in 2024 🤝

  • @lowersaxon
    @lowersaxon 4 роки тому +14

    True.But you didn‘t touch continuous compounding unlike in your video 3 years ago. You could have derived „e“ ( Euler‘s number) by the compound interest formula as you of course perfectly know. And I think I‘m not quite conform with the vid from 3 years ago. If A = P ( 1+r)^rt and A =Pe^Rt then with b = 1+r the term e^R has to be equal to b. I don‘t think that r and R will coincide exactly. Suppose b = 1.10 then e^0.0953= 1.100xyz ~ b. So R= .0953 = ln 1.1 and not r= .1. This is not to blame you, on the contrary I think you‘re really great in natural sciences and that many people enjoy your absolutely charming voice and style of educating this stuff. Keep on!

  • @stormrider1375
    @stormrider1375 Рік тому +2

    "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

  • @Naza12818
    @Naza12818 6 місяців тому +1

    We can find (t) with points? How please?

  • @marktako4187
    @marktako4187 6 місяців тому

    How did you get the amount of 36,o47.84 if your going to rise to the power of 80 multiply that with 1.025? How did you get it?

    • @user-my4eu5xn9g
      @user-my4eu5xn9g 5 місяців тому

      On the calculator, first put (1.025) in () then raise to power 80
      Press =
      Then answer you got
      Multiply it with 5000
      Try again
      Tell me what u get
      U should get same answer
      I tried it and it works

  • @jamiedomjan5114
    @jamiedomjan5114 Рік тому +2

    I dont understand how you are doing the math. 5125 raised to the power of 80? I dont get it! Please explain.

    • @michellejones8144
      @michellejones8144 Рік тому

      This is the exact math problem I’m trying to solve. That’s the part that I don’t understand and no one is explaining it. Did you get any help?

    • @jamiedomjan5114
      @jamiedomjan5114 Рік тому +1

      @@michellejones8144 I ended up researching my TI-83 and how to properly plug in powers. When calculating I plug it all in there and find the power. I hope this makes sense. It took a bit to break everything down to figure out the sections. These math videos leave out some important details.

    • @michellejones8144
      @michellejones8144 Рік тому

      @@jamiedomjan5114 Thank you. As soon as I asked you o looked at another video and the guy gave the magic words. He said to pug them into the calculator according to the formula. It worked. Thank Goodness.

    • @shannonpowell8066
      @shannonpowell8066 Рік тому

      I don't get it either, cause for example if it's 3003.12 to the 2nd power were at 9million! Isn't this how exponents work? 3000 to the 2nd power is 3000 x 3000? So if were dealing with a 4 year term we get 3000 x 3000 x 3000 x 3000?!

    • @michellejones8144
      @michellejones8144 Рік тому

      @@shannonpowell8066 plug it into the calculator and it was give you the answer.

  • @Loachie90
    @Loachie90 7 місяців тому

    Organic chemist: This is how compound interest works.
    Millennials: tHe RiCh GeT rIcHeR

  • @dariusmcneal575
    @dariusmcneal575 4 роки тому +4

    Can you please make a video on this math problem. What's the product of 3 2/3 and 14 2/5? In detail if you will.

    • @Jo_Es_Chess_Channel
      @Jo_Es_Chess_Channel 4 роки тому

      You just put the same denominator for each of the two parts and then multiply both the numerator and the denominator and simplify

    • @spinach7205
      @spinach7205 4 роки тому +4

      Dude what do you mean? 3 2/3 = 11/3. 14 2/5 = 72/5. Therefore 11/3 × 72/5 = 792/10 = 79.2 .....is this what you mean?

    • @littlechemist
      @littlechemist 4 роки тому

      ua-cam.com/video/PAmXNyD6c20/v-deo.html

    • @atpio7647
      @atpio7647 Рік тому

      @@Jo_Es_Chess_Channel Thats for adding and subtracting fractions not multiplication.

    • @HellonihaoJohnnyHola
      @HellonihaoJohnnyHola 8 місяців тому

      ​@@spinach7205 actually 792/15

  • @indianpradneshr.p8661
    @indianpradneshr.p8661 8 днів тому

    please let me know how you calculate gains

  • @dylanbushmire2623
    @dylanbushmire2623 3 місяці тому

    What would I put down if it said the interest was compounded continuously

  • @arianagrandestoes1665
    @arianagrandestoes1665 2 місяці тому

    Thank you for your service pookie

  • @july3a755
    @july3a755 Рік тому +1

    How do you put in to the calculator to the 10th power..?

  • @leonardobarrera2816
    @leonardobarrera2816 4 місяці тому +2

    5:02
    Why is n=4

  • @bbmm9541
    @bbmm9541 Рік тому +1

    The exponents are too big 😭😭😭 is there any easy way to calculate the raise of power??? Or it really needs calculator?
    I am taking an exam about this

    • @Nevezeniyeet
      @Nevezeniyeet 8 місяців тому +1

      I know this comment is 5 months ago and the answer is late and you probably know it but maybe for those who don't know the answer for this is yes you need a scientific calculator and to calculate the power is just find the ^ to represent the next number as a power

  • @ItzJohn5223
    @ItzJohn5223 9 місяців тому +2

    HOW DID HE GET THE $2,367.36 BY MULTIPLYING $1,000×0.09

  • @hannahhannah1832
    @hannahhannah1832 Рік тому

    For the question 'how many years will it take', does we have to round up the number of years?

    • @user-wt8bc6mc4j
      @user-wt8bc6mc4j 8 місяців тому

      who taught u english hananananananahhhhhhahaha(tried reading ur name)

    • @tabbyblu771
      @tabbyblu771 4 місяці тому

      ​@@user-wt8bc6mc4jSpell "you" correctly Mr Englishman 😅

  • @shannonpowell8066
    @shannonpowell8066 Рік тому +3

    If you're raising it to a power of nt, you're ending up with an astronomical amount. Like 3000 raised to the 2nd power alone is 9million. So how the hell you calculating that?

    • @Aiden-pv4re
      @Aiden-pv4re 9 місяців тому

      A graphing calculator

    • @maliekli2
      @maliekli2 4 місяці тому

      You’re only raising the (1.09) term

  • @solonpeter9716
    @solonpeter9716 8 місяців тому

    Please can you help me by solve the problem with out a calculator,,

  • @jacquelinevallejo7168
    @jacquelinevallejo7168 3 місяці тому

    I had a problem and each time I worked it out I got a different answer than what it was supposed to be and I do not understand what I did incorrectly. It was giving me answers with no decimals but I don’t know why.
    I found out it was the way it was being inputted into the calculator.

  • @qaqqootube
    @qaqqootube 7 місяців тому

    sir it is good explanation but n stands for what?

    • @KXIV3471
      @KXIV3471 6 місяців тому +1

      n = how many times it is being compounded per year
      if "n" is being compounded quarterly then it is being compounded 4 times per year, hence it being n=4
      but if "n" is compounded weekly there are 52 weeks in a year which means it will be compounded 52 times so n = 52 since "n" represents how many times it is being compounded per year.
      Hope this helps :D

  • @chapendekasamson5038
    @chapendekasamson5038 2 роки тому +1

    I want to follow

  • @stemtutoringonline3986
    @stemtutoringonline3986 4 роки тому +2

    how does he do it

    • @littlechemist
      @littlechemist 4 роки тому

      ua-cam.com/video/PAmXNyD6c20/v-deo.html

  • @kjayedorot2931
    @kjayedorot2931 Рік тому +2

    1:54

  • @Dragupult
    @Dragupult Рік тому +1

    What if it’s compounded monthly?

  • @user-ct8yf3wd2g
    @user-ct8yf3wd2g 9 місяців тому

    If we have simple interest formula, why would we need compound interest formula? can someone explain to me?

    • @Josama0214
      @Josama0214 6 місяців тому

      Because Compound Interest represents money growing Exponentially with respect to time while Simple Interest is Linear

  • @user-wr9xp7dx8y
    @user-wr9xp7dx8y 3 місяці тому

    it says 9% annually so should'nt the 0.09 it be divided by 12

  • @kjayedorot2931
    @kjayedorot2931 Рік тому +1

    5:06

  • @g2trashtxd781
    @g2trashtxd781 4 роки тому +4

    Is quarterly not every three months as in 1/4th of a year

    • @atpio7647
      @atpio7647 Рік тому

      Since it is one fourth it is four. If it was half yearly it would be one half that would be 1/2 so it would be 2

  • @GideonMwila-kw3tv
    @GideonMwila-kw3tv 11 місяців тому

  • @faizsyahmi2244
    @faizsyahmi2244 9 місяців тому +1

    i used log instead of ln. No wonder I got it wrong☠💀

  • @khhk1401
    @khhk1401 Рік тому +2

    What was n?

  • @Migixkem
    @Migixkem 4 роки тому +2

    Eyyyy

  • @yaniquelife8281
    @yaniquelife8281 8 місяців тому +1

    How is n=4!????

    • @munchercruncher2185
      @munchercruncher2185 7 місяців тому

      You have to keep in mind that to find N
      is reading the question carefully
      if the question consists "Anually" then your N will be 1
      If it's Quarterly your N will be 4
      If it's Monthly then your N will be 12.

    • @munchercruncher2185
      @munchercruncher2185 7 місяців тому

      But maybe you have already learned since it's already been 3 weeks

    • @KXIV3471
      @KXIV3471 6 місяців тому

      n = how many times it is being compounded per year
      if "n" is being compounded quarterly then it is being compounded 4 times per year, hence it being n=4
      but if "n" is compounded weekly there are 52 weeks in a year which means it will be compounded 52 times so n = 52 since "n" represents how many times it is being compounded per year.
      Hope this helps :D

  • @user-bc3em8qt5c
    @user-bc3em8qt5c 9 місяців тому

    ive lost the thread about annuals like why 1/4???wtf

  • @user-tk7xt3wq8r
    @user-tk7xt3wq8r 8 місяців тому

    $850,000,000
    Annual interest of 17%
    After 10 years?
    (Need the TI-84 Graphing Calculator)

  • @bestprawn444
    @bestprawn444 10 місяців тому

    You are a goat

  • @Nkguptach4
    @Nkguptach4 4 роки тому +2

    You are chemistry teacher but teach maths

  • @mayendit5079
    @mayendit5079 2 роки тому +2

    Thanks for your help me please

  • @alinanimukuka3103
    @alinanimukuka3103 Рік тому

    7:25

  • @hopeedward5465
    @hopeedward5465 3 місяці тому

    t what does it mean

  • @blzweasel5541
    @blzweasel5541 11 місяців тому

    im not sure how you got 2,367.36

  • @whatwerewe
    @whatwerewe 2 місяці тому

    isn't A compound capital? thats what my textbook says-

  • @alinanimukuka3103
    @alinanimukuka3103 Рік тому

    !!!!!!!!!!!!!!

  • @celiahernandez4778
    @celiahernandez4778 Рік тому +7

    babes I love u BUT GET A NEW MIC

    • @ikmg887
      @ikmg887 10 днів тому

      💀💀💀

  • @expiredwater9235
    @expiredwater9235 18 днів тому

    Thx pookie

  • @onyinyesibeudu1436
    @onyinyesibeudu1436 4 місяці тому

    What's that clickin'😅

  • @Migixkem
    @Migixkem 4 роки тому +5

    Face reveal mane

    • @littlechemist
      @littlechemist 4 роки тому

      ua-cam.com/video/PAmXNyD6c20/v-deo.html