I was struggling with the quarterly compounded interest especially with the terrible formula provided in the books but this was easy to understand and remember. Thank you!
@@xenovialara5028 i got 306 with preperation of 2-3 months and working full time, so i am happy with that, I messed up one quantitative session otherwise 310 was easy.
Percents and compound interest really scared me so much that I found it difficult to even try few questions.. seeing this video makes me believe that I can crack such questions.. my gre is in 18 days and I neglected this topic because of fear but now I will practice more questions.. thank you so much to make it so easyy
The first time I came across Compound interest was in middle school. I never understood it. But now I understand why we divide the rate by the number of periods and 100. Took me 10 years to understand this lmao. Thank you so much Philip. You are doing God's work.
I used to hate compounding so much but after watching this video, I a so relieved that I actually got the concept! Thank you so much for sharing your knowledge, sir! :)
But there is no way to calculate this huge power of 20 in GRE calculator. And if we do it step by step 20 times , it will be time consuming. What are we gonna do then? How to calculate (n)^p where p= 24 or 30 or more? Please give some suggestions!
@@TheTestedTutor really thanks for the reply. I do have one more question but I guess your answer has also answered my another question. But just to be sure.. they will also not ask to calculate such large compounded increase with value X or any letter, will they? because that would also be too lengthy.
I liked the way you taught Compound Interests ,I never liked this topic and was going to skip it but it was so easy when you explained it.. All the content and the tricks you shared are marvelous I wish I could have seen your content earlier ..Keep up the good work 🤎🤍Thank you for being a wonderful Mentor 😇
I am following your channel and I find your contents undoubtedly helpful. I am sorry that I am quite fussy about the interest rates you have given. While introducing the interest rates, I think, it would have been more clearer if you'd added per annum/ per year behind it (since I have seen almost all of the questions do that), as people (such as myself) might be confused while dealing it. For instance, taking the 4th question as reference, 6% per annum would be 3% per six months and 0.5% per month, and all of these will yeild the same calculation.
You're a legend! Thanks for your contribution, all your videos help take out the jargon from basic math concepts. I hope you keep at it and I wish you the very best.
I'm preparing for the GRE Test with the ETS GRE Maths Review handbook found online and your videos are really helpful. Thanks for the tips, I'll make sure to practice the tricks to speed up the calculations.
One more fantastic video! Feel like watching your entire channel, but would take an eternity - so going as per my need. Thank you Philip for helping us so invaluably for free!
Why am i even here? I had my gre today 😹😹😹... By the way nice video phillip your videos really helped me alot throughout my preparation period. Thumbs up
Your videos are just the thing for GRE Prep. Brilliantly explained. Thanks Phillip. It's just that I didn't get to know, how we got 1.005 at 9:50. we get the 1 by adding 1 (due to increase in final amount) to probably 0.005, but I didn't understand how we got 0.005 from 1/2 %
I love how you made me feel so much better at the end when you said i am the don ^^, well technically everyone who watches it till the end is a don i guess , and well keep making more such videos , My gmat is in a month and i watch yours like i use my flashcards , its such a godsent , Thank you
This technique sounds so nice but I'm confused.. I am preparing for the GMAT and I can't imagine being able to calculate by myself 1.005^24.. Am I missing something ?
Philip this video was a blastttt!!!💥 The formulae in the books are soo confusing! Thank you for all the videos! I have my gre after 4days and the videos are helping me to boost my confidence! 😌😌 Thankyou so much!! ✌
@@wisespidey I mostly watched Philip's and GregMat's videos and used Manhattan GRE's 5lb book for quants. For AWA, you can also check the official GRE website for the essay topic pool to practice.
I'm in the process of preparing for the GRE, and your explanations make things look easier, I hope I will be able to perform very well on the exam as well.
Thank you a lot for your videos. They are incredibly helpful! I am trying to watch all of them! Did you make those personal finance videos that you mentioned? I searched but did not find them. Please let me know since I imagine they would be the same as impressive as the 5 list. Thank you a lot again!!!
For the compounded interest rate semi annually, I didn’t understand. I think it’s because you didn’t write it out. I’m a visual learner. I know you basically just explained the equation but I’m having a hard time understanding with just audio. I’ll have to just remember the equation for this.
Your videos are great. I just had a small question. what if the statement of question 1 was like "dollar 2000 is invested at 5% interest rate annually then what will be the worth after 3 years? will the question 1 and 2 in video will yield the same result?
I have read a lot of materials and yet the whole concept and formulas look so abstruse but your video of less than 20 min just clear all my doubt. Like you explain math concepts in a way that even a dummy would understand. Mehn hats off.
You have simplified a really teasing concept into such a sweet pill.. take a bow...please do something similar with the Permutation/Combination & Probability concepts tested on the GMAT
Thank you, I actually looking for this info.... can I ask if there are any short cuts available to double, triple, 5 times money using compound interest quarterly, annually, or monthly...
That is my real issue.. I am not good with memorizing all the math formulas.. if I can understand just how to understand and apply the thinking process I am good. I'm going to finish this video tomorrow as I start my study for the GRE in December.
Hey Philip, would you be able to do a question similar to the Example 2.7.12 in the official GRE Math Review, where they us to find the rate rather than the amount. Also, would this be common on the GRE? Thanks and keep up the good work!
This helped me imagine these interest problems in terms of percentage increases than mere formulae. The formulas are very forgetful as you have mentioned. Thanks.
You're the best GRE Math tutor I've ever come across. Brilliant, you are!!
You can say that again!
I was struggling with the quarterly compounded interest especially with the terrible formula provided in the books but this was easy to understand and remember. Thank you!
This Man is a legend. Wish you could teach me in person.🥺🥺 Your tricks and methods are really amazing. My GRE is in 18 days. I hope it goes well.
Thanks man, good luck
@@TheTestedTutor Same situation here, great videos. Also, did someone tell you, that you look like Kevin De Bruyne
how did it go?
@@xenovialara5028 i got 306 with preperation of 2-3 months and working full time, so i am happy with that, I messed up one quantitative session otherwise 310 was easy.
@@divyamsharma5198 try khan academy videos over these for quant, also ETS main guide questions. The questions here rarely appear in the test
"so much for the glory of Rome" as emperor Marcus Aurelius would say it!!!!!!
Could you possibly explain why it would be 1.005 instead of 1.50? I am struggling to find an understanding of the last problem. Thank you!
And the GRE Best Teacher Prize goes to Philip!
Btw, could you please explain why 0,5% becomes 1,005?
0,5%= 0,005. If the amount increases by 0,5, you have to multiply that amount by 1,005.
In the last problem, the rate is 6% per month or 6% per year?
Got confused with the wordings in another problem so just wanted to make sure.
you're simply the best Bro... you've made GRE/GMAT QUANT easier and less scary for millions of intending students. God bless you
Percents and compound interest really scared me so much that I found it difficult to even try few questions.. seeing this video makes me believe that I can crack such questions.. my gre is in 18 days and I neglected this topic because of fear but now I will practice more questions.. thank you so much to make it so easyy
The first time I came across Compound interest was in middle school. I never understood it. But now I understand why we divide the rate by the number of periods and 100. Took me 10 years to understand this lmao. Thank you so much Philip. You are doing God's work.
I used to hate compounding so much but after watching this video, I a so relieved that I actually got the concept! Thank you so much for sharing your knowledge, sir! :)
Thanks so much Josna!
But there is no way to calculate this huge power of 20 in GRE calculator. And if we do it step by step 20 times , it will be time consuming. What are we gonna do then? How to calculate (n)^p where p= 24 or 30 or more?
Please give some suggestions!
They won't ask you to actually calculate such large numbers don't worry Afia
@@TheTestedTutor really thanks for the reply. I do have one more question but I guess your answer has also answered my another question. But just to be sure.. they will also not ask to calculate such large compounded increase with value X or any letter, will they? because that would also be too lengthy.
I liked the way you taught Compound Interests ,I never liked this topic and was going to skip it but it was so easy when you explained it.. All the content and the tricks you shared are marvelous I wish I could have seen your content earlier ..Keep up the good work 🤎🤍Thank you for being a wonderful Mentor 😇
I am following your channel and I find your contents undoubtedly helpful.
I am sorry that I am quite fussy about the interest rates you have given. While introducing the interest rates, I think, it would have been more clearer if you'd added per annum/ per year behind it (since I have seen almost all of the questions do that), as people (such as myself) might be confused while dealing it. For instance, taking the 4th question as reference, 6% per annum would be 3% per six months and 0.5% per month, and all of these will yeild the same calculation.
Next time I will say per annum!
Hey Philip do you have any Statistics Guide or tips in your channel especially MEAN MEDIAN MODE??
Yes, I have 4 videos on these! Can just search in youtube search bar or in my playlists
I learned so many things from you. Really helpful. Thank you.
You're a legend!
Thanks for your contribution, all your videos help take out the jargon from basic math concepts. I hope you keep at it and I wish you the very best.
Thanks it is such a great help
I'm preparing for the GRE Test with the ETS GRE Maths Review handbook found online and your videos are really helpful.
Thanks for the tips, I'll make sure to practice the tricks to speed up the calculations.
How to find percent interest if the final amount is given for CI?
Amazing Tricks!💫
One more fantastic video! Feel like watching your entire channel, but would take an eternity - so going as per my need. Thank you Philip for helping us so invaluably for free!
This helped! Thank you. I’m taking the GRE on the 31st.
Thanks for your loyal support Naz
Good luck nabulsi
I have my GRE on Monday, and your channel has come out handy
@@ShadrackOsero Thanks Osero
Thanku so much Philip for making this difficult topic so easy to comprehend 🙌
My pleasure!
Why am i even here? I had my gre today 😹😹😹... By the way nice video phillip your videos really helped me alot throughout my preparation period. Thumbs up
Thanks Sameer. Stay tuned for some personal finance videos coming in a month or two.
Your videos are the best! They have helped me so much! Thank you!!
Thank you so much Abena for the generous donation and message
Oh my god!! I was not at all good at this compound interest questions and after this video of yours, I am acing it...Thanks to you 🎊🎊
Your videos are just the thing for GRE Prep. Brilliantly explained. Thanks Phillip. It's just that I didn't get to know, how we got 1.005 at 9:50. we get the 1 by adding 1 (due to increase in final amount) to probably 0.005, but I didn't understand how we got 0.005 from 1/2 %
(1+0.5/100)
Or you can simply try the formula
Compound Amount= P[1+(r/n)]^nt
Where n is the no. Of compounding duration per yaer
Was always scared of solving questions related to Compound interest, but not anymore. All thanks to you!
Could you please write down your explanation for the second last question .
But, how do you calculate the power of the number in ets' calculator?
Keep pressing multiply each time
Thank you so much~~!! Interest has always been somewhat of an enigma to me. This cleared it right up.
The best video I have ever seen related to Simple and Compound interest.
Thanks mate :-)
Glad it helped Akash
Thanks a lot for this neat trick
I love how you made me feel so much better at the end when you said i am the don ^^, well technically everyone who watches it till the end is a don i guess , and well keep making more such videos , My gmat is in a month and i watch yours like i use my flashcards , its such a godsent , Thank you
This technique sounds so nice but I'm confused.. I am preparing for the GMAT and I can't imagine being able to calculate by myself 1.005^24.. Am I missing something ?
Just the formula would be needed for GMAT, or easy numbers
@@TheTestedTutor thanks man !
Thanks a lot Philip!!! I used to struggle with SI and CI but your videos are making me fall in love with all these concepts :D
Great
Thank you, Philip. You're amazing!
Thank you!
Can you please make a vedio on standard and normal distribution ..
Yes I keep meaning to...will get it done soon.
I have now done ones on both! Did you see them?
bless you
You are by far one of the best GRE tutors I know! Thankyou for sharing your knowledge with us!
Awesome the best tutor in the game.
Glad you think so!
You're doing awesome work!! Thank you. You make all the downsides of the internet age worth it, haha.
Haha, high praise!
hi, I want to ask can i appear in exam by just watching all of your videos. Or do i need to prepare from books or websites..
Also do practice tests and study from at least 1 book such as mmhattan 5lb
@@TheTestedTutor thanks
Philip this video was a blastttt!!!💥
The formulae in the books are soo confusing!
Thank you for all the videos!
I have my gre after 4days and the videos are helping me to boost my confidence! 😌😌
Thankyou so much!! ✌
hey! i have my gre in about a week's time. how did yours go ?
@@ishywishy27 How did yours go?
@@wisespidey I ended up with a 310 (154 Q, 156 V). Mostly because it was hard juggling work full-time and studying for the test at the same time
@@ishywishy27 may I ask what material you used and what mocks you gave?
@@wisespidey I mostly watched Philip's and GregMat's videos and used Manhattan GRE's 5lb book for quants. For AWA, you can also check the official GRE website for the essay topic pool to practice.
It's been 4 years since this video was made, but even after the revised GRE syllabus, your videos are still relevant and succinct
Thanks a lot
I'm in the process of preparing for the GRE, and your explanations make things look easier, I hope I will be able to perform very well on the exam as well.
I've literally revisited this video many a times.😂. Thanks a tonnes tested tutor. This is gold.
Now I understand its core meaning, before that I solved this kind of questions using formulas without understanding. Thank you very much
Hi Tutor,
Thanks for the videos and explanation but I didn't the point where 1.05 is coming in compound interest
Thank you a lot for your videos. They are incredibly helpful! I am trying to watch all of them! Did you make those personal finance videos that you mentioned? I searched but did not find them. Please let me know since I imagine they would be the same as impressive as the 5 list. Thank you a lot again!!!
This was brilliant, thank you. I felt very confident on this subject, but with your explanation I know I will remember this for the test.
You deserve many more subs! awesome content... thanks so much
I wish!
Thanks a tone, Philip for these videos 😊👍🏻👌🏻👌🏻
Great Vid, Hopefully I wont have to multiply 24 times at the test though lol
Thank you so much, you're the best. You calmness in explanation is top-notch.
These are just crazy tricks to decieve those egregious formulas, big kudos to you pal....
Thanks Ayush!
For the compounded interest rate semi annually, I didn’t understand. I think it’s because you didn’t write it out. I’m a visual learner. I know you basically just explained the equation but I’m having a hard time understanding with just audio. I’ll have to just remember the equation for this.
Could you take 1.06^24th then multiply by 10000?
For the last example where 0.5%=1.005, How about a 2.5%, what is the value that needs to be multiplied ?
Is it 1.025% or 1.205% ?
Wow! My life was a lie :D !! this one was easily understandable and wayyyyyy better than that stupid formula. Thank You Sir (Y)
Your videos are great. I just had a small question. what if the statement of question 1 was like "dollar 2000 is invested at 5% interest rate annually then what will be the worth after 3 years? will the question 1 and 2 in video will yield the same result?
Amazing dude I could never get this!! Thanks so much my gre is today hehehehe😅
How shud I thank you sir
No one explained how to calculate compound interst the way you made it !
Love from India 🇮🇳
Very helpful and easy to interpret.
Thanks Philip! 😊 My GRE is tomorrow, this is quick to remember.
No problem and good luck!
You are making this fun and engaging, Top quality!
All this time I never divided the rate. So stupid. Thanks for the lesson!
You made it look so simple , thank you so much !
I have read a lot of materials and yet the whole concept and formulas look so abstruse but your video of less than 20 min just clear all my doubt. Like you explain math concepts in a way that even a dummy would understand. Mehn hats off.
Thank you so much!! Your video is so helpful!
You have simplified a really teasing concept into such a sweet pill.. take a bow...please do something similar with the Permutation/Combination & Probability concepts tested on the GMAT
I did! Check them out!
thanks for the insights. i really enjoy your explanations
Just super 🎉🎉, you are gem, will comment on each video I see
Thank you, I actually looking for this info.... can I ask if there are any short cuts available to double, triple, 5 times money using compound interest quarterly, annually, or monthly...
Wow, that's much better than the formula, which I keep forgetting. Thank you!
This helped me a lot man.
Really, you're crazy man.
Thank You. I'm taking my GRE on the 25th of Aug.
Glad I could help!
Philip you are incredibly good at teaching complex math in very simple way. Wishing you very good luck.
Thanks Nazmun! :)
Please add this to the GRE Quant playlist! Love all your videos, they've been helping me a lot!
Done! And thank you
I swear, the best prep channel...this Man is Amazingggg
You resemble Ukrainian President.
Im happy I made the beast mode correct
That is my real issue.. I am not good with memorizing all the math formulas.. if I can understand just how to understand and apply the thinking process I am good.
I'm going to finish this video tomorrow as I start my study for the GRE in December.
Good luck, let us know
The explanation is simple but adequate to help the novice learner become proficient in working with compound interest.
Great
Hey Philip, would you be able to do a question similar to the Example 2.7.12 in the official GRE Math Review, where they us to find the rate rather than the amount. Also, would this be common on the GRE? Thanks and keep up the good work!
I have my gre tomorrow which me luck !!!
Thank you sir for teaching the concept
This helped me imagine these interest problems in terms of percentage increases than mere formulae. The formulas are very forgetful as you have mentioned. Thanks.
very helpful and informative
you're a legend! Thanks a ton
Day 1(01/02/24) : Done
Day 1(03/02/24) : Done
Very helpful
thanks
Sir is it advisable to retake gre after a 2 years gap?..
It is always possible even after a 10 year gap!
@@TheTestedTutor ohh OK sir.. Will the Universities take that into account?
@@anjuniranjani123 They shouldn't do, just focussing on you as a candidate now.
You are the best
Great Explaination. Thanks!
Thanks man
THIS ONE WAS MY FAVORITE
Thanks! Really helpful