Grade 12 Financial Maths Lesson 7 | Calculating the Balance of a Loan | Mlungisi Nkosi

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  • Опубліковано 7 вер 2024

КОМЕНТАРІ • 97

  • @kgaogeloakaaka7393
    @kgaogeloakaaka7393 2 роки тому +58

    You should be awarded for your great teaching skills sir...you're very good at this.. Really wish I had found your channel sooner in grade 10 😭🤧

  • @mahlatsemonareng5485
    @mahlatsemonareng5485 2 роки тому +28

    This lesson have increased my level of understanding in maths

  • @BlackAngel-mf6do
    @BlackAngel-mf6do Рік тому +7

    Give this man his flowers while he can still smell them.👌🏾❤ the best maths plug

  • @mhlengimlondi5851
    @mhlengimlondi5851 Рік тому +10

    i just don't forget anything you are teaching me Sir , you really very good at teaching God bless you

  • @khalirendwemukwevho8216
    @khalirendwemukwevho8216 2 роки тому +11

    Hello your a very good teacher your videos are extremely helpful….im kindly asking for a video with a question on inheritance invested and an explanation why we use present value method

  • @m.ellooow
    @m.ellooow 4 місяці тому +9

    So many warnings in this video 😂

    • @MlungisiNkosi
      @MlungisiNkosi  4 місяці тому +4

      All with the intention of helping you

  • @karabonhlapo8993
    @karabonhlapo8993 Рік тому +5

    Wow I had no idea of this, m speechless
    Thank you so much sir

    • @MlungisiNkosi
      @MlungisiNkosi  Рік тому

      That’s how Uncle Mlu wants it to be 🤗❤️

  • @user-qe7lw4oi5w
    @user-qe7lw4oi5w Рік тому +3

    One love 🙌🙌❤finally understood financial mathematics after so long😩👌👌

  • @mphonethononda1899
    @mphonethononda1899 2 місяці тому +1

    Thanks a lot , you are the best and your videos really help ,know that you are appreciated and that some of us are doing well academically because of your hard works ❤️

  • @mbongisenimdlalose9642
    @mbongisenimdlalose9642 Рік тому +2

    well explained Mlungisi , Great work !!!!!

  • @lujanator
    @lujanator Рік тому +3

    😭😭😭 you're a game changer sir.

  • @arnoldtortosa9953
    @arnoldtortosa9953 Рік тому +2

    I never understood this you are a great teacher sir

  • @lebohanglebow5131
    @lebohanglebow5131 2 роки тому +5

    May almighty father bless you!!! 😭❤️🙏

  • @siphosihlebaase8892
    @siphosihlebaase8892 2 роки тому +5

    Thank you so much🙏this was really helpful

  • @preciousmmamokgobo6268
    @preciousmmamokgobo6268 2 роки тому +5

    I always enjoy your lessons. I wish you can do trigonometry, analytical and euclidean geometry with us

  • @bontlekubeka6657
    @bontlekubeka6657 10 місяців тому +1

    Forever wena uncle🎉

  • @Nkosana767
    @Nkosana767 Рік тому +3

    And that is how the cookie crumbles 🔥

  • @zinhlendaba9884
    @zinhlendaba9884 2 роки тому +3

    I certainly understood thank you Sir🙏

  • @her5299
    @her5299 Рік тому +1

    Thank you !🙏🙏🙏🙏🙏🙏Mission complete let me jump to past question papers !Thank you...Sharp sharp❤️❤️🥹🙏.

  • @KatlegoFShai
    @KatlegoFShai 2 роки тому +5

    Hi Sir could you please making a video on the topic of Statistics 🙏

    • @MlungisiNkosi
      @MlungisiNkosi  2 роки тому +1

      I will definitely be completing that this week

  • @its.shammah
    @its.shammah 2 роки тому +4

    Godsent📚

  • @mrdynamite12
    @mrdynamite12 2 роки тому +1

    I am truly grateful thank u

  • @user-yc6so7xo7n
    @user-yc6so7xo7n 3 місяці тому +1

    For our *n* we are not supposed to say 30×12 because it's compound monthly

  • @abongilejuliet1124
    @abongilejuliet1124 5 місяців тому +2

    ❤❤❤❤ where have you been?

  • @nduvhomafadza9371
    @nduvhomafadza9371 Рік тому +2

    Hello Mr Nkosi please do the Limpopo trial 2022 paper finance section
    Thanks in advance

  • @Gabriel-wr3zo
    @Gabriel-wr3zo 4 місяці тому +1

    thank you 🙌

  • @ChunSwaeRrrr
    @ChunSwaeRrrr 2 роки тому +3

    Hi sir , for the last one , why didn’t we use 60 for the compound year instead of 30 where i assume we calculate the overall due amount of the loan and only use 30 on the present formula whereas it’d calculate missing payments?

    • @ChunSwaeRrrr
      @ChunSwaeRrrr 2 роки тому +1

      I hope you understand 😭

    • @ChunSwaeRrrr
      @ChunSwaeRrrr 2 роки тому +1

      Like , we’d use the compound formula to calculate how much money is owed to the bank and we use the present formula to calculate how much the bank is owed after 30 payments , so why did we use 30 for both the compound and present formula and not 60 for the compound formula?

    • @ChunSwaeRrrr
      @ChunSwaeRrrr 2 роки тому +1

      Cause I got R679 084 substituting 60 instead of 30 on the compound formula

    • @MlungisiNkosi
      @MlungisiNkosi  2 роки тому

      I think I tried to explain why… I’m not sure what wasn’t clear

    • @ChunSwaeRrrr
      @ChunSwaeRrrr 2 роки тому

      @@MlungisiNkosi I’m trying to understand if I’d always use the number of payments made on both the n for compound and future formulae or if I’ll use the amount of payments made (30) on the compound and the amount of payments due (30) on the future formula since it’s 30-30.
      So if the amount of payments made was 40, would it be 40 on the compound formulae AND future formulae
      OR
      would it be 40 on the compound formula and 20 on the future formula ?

  • @phememos23
    @phememos23 5 місяців тому +1

    Mr M, I'm a confused, aren't we supposed to multiply the n with the m since we are compounding on a monthly bases.
    Cause isnt it supposed to be 30×12?

    • @MlungisiNkosi
      @MlungisiNkosi  5 місяців тому +1

      The value I have given is in terms of months already

  • @its.k_easy
    @its.k_easy Рік тому +1

    Dankie 🔐🔥

  • @achievermaseko2730
    @achievermaseko2730 Рік тому +1

    one thing about these mathematic gymnastics....... have me in tears i tell you ... how many brackets is one supposed to insert in the calculator ( crying mathematical tears)

  • @dimpledtiancxa2483
    @dimpledtiancxa2483 Рік тому +1

    Thank you sir

  • @corimnisi6545
    @corimnisi6545 2 роки тому +1

    did you already make a video with regards to tackling past paper questions on this topic

  • @mahlogonolomabasa6745
    @mahlogonolomabasa6745 2 роки тому +1

    Thank you for the lesson❤
    Which tool do you use teach?

  • @Priddy-nanaa
    @Priddy-nanaa Рік тому

    Ion understand the last part where the amount of the n’s are the same ,because the first one it’s from compound interest while the second is from the future annuitie

  • @ntsakomakhubela9904
    @ntsakomakhubela9904 2 роки тому +1

    Sir may you please cover the topic of logarithmic 🙏

  • @flexace768
    @flexace768 2 роки тому +1

    Danko ✌

  • @luyandamakhoba2661
    @luyandamakhoba2661 Рік тому +1

    🐐

    • @MlungisiNkosi
      @MlungisiNkosi  Рік тому +1

      Meeeeeeee… *bleating sound* LOL. Thank you

  • @sibandegift2610
    @sibandegift2610 2 роки тому +1

    What about effective and nominal

    • @MlungisiNkosi
      @MlungisiNkosi  2 роки тому

      What about it? Do you want to learn how to convert from one to the other?

    • @sibandegift2610
      @sibandegift2610 2 роки тому

      @@MlungisiNkosi yes

  • @ntandoyenkosimoyo2071
    @ntandoyenkosimoyo2071 2 роки тому +1

    When i use the other formula the balance is R494 702,61c😁

  • @lethabozwane3266
    @lethabozwane3266 2 роки тому +1

    Please start with statistics

  • @richardnicholls69
    @richardnicholls69 Рік тому +1

    You can use the present value After find for the value N that in this case is 53.67938

  • @mbongenimapipa3450
    @mbongenimapipa3450 Рік тому

    👍👏

  • @ziphozenkosimantile6975
    @ziphozenkosimantile6975 Рік тому +1

    Why am I getting negative answer 😭

  • @sinakhokonkehlatshwayo9947
    @sinakhokonkehlatshwayo9947 2 роки тому +1

    Thank you bruh

  • @_menxx
    @_menxx 2 роки тому +1

    Didn't get the same amount

  • @afikilenunu4731
    @afikilenunu4731 2 роки тому +1

    😩😩Mna am getting a R- 2563093.955 not R436756. 04

    • @MlungisiNkosi
      @MlungisiNkosi  2 роки тому +1

      Please check again. I swear I tried this many times

    • @scoopspy3065
      @scoopspy3065 2 роки тому

      Don't be angry when you get a negative answer it's actually tells you that you made a mistake on your formula the numbers there there is something wrong you need to double check properly and, slowly, check if you didn't put the values on P instead of A or A instead of P or X instead of F or F instead of X 😅 you get my point

  • @LindaniNkosi-xt8vn
    @LindaniNkosi-xt8vn 11 місяців тому +3

    This lesson have increased my level of understanding in financial maths

  • @NtlakaniphoRadebe
    @NtlakaniphoRadebe Рік тому +1

    Thank you sir 🙏

  • @flexace768
    @flexace768 2 роки тому +1

    Danko ✌