Understanding Simple Interest and Compound Interest

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Uploaded by on Mar 4, 2009

Understanding Simple Interest and Compound Interest - In this video I try to make clear the difference between simple interest and compound interest!
For more free math videos, visit http://JustMathTutoring.com

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Education

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  • likes, 10 dislikes

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Uploader Comments (patrickJMT)

  • I have my maths gcse in england tomorrow, just watched this and it helped me really figure out the deterrence between the two,thankyou very much, great video!

  • @TheMadJake good luck! i miss london!

  • What's a faster way to do this I need to know NOW!!!!!!!!!

  • @SuperNickBowser hire an accountant

  • Principle or principal ... no matter what.. he did the math superbly.... thats s wat we want....@patrickJMT u r awesome...

  • @MrSambaridly thanks :) and i had it right :) it is principal!

Top Comments

  • @ryzal123 i think you are watching the wrong video

  • Thank you for the vid, it helped to simplify for me an assignment I got for this weekend and I agree with you one hundred percent, it IS a shame this is not taught in elementary schools. You're a good man and a smart one!

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All Comments (112)

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  • @patrickJMT No like is there a faster way to do this like multiply or somthing

  • I was taught. B= P (1+R). [small'T to show to times power].

    What to do on calculator

    E.G. Find the compound interest $927 with 9% interest for 4 years  Do : 1.09 to 4th power ( on calculator by typing in 1.09 [hit times button ] [hit equal button 3 times (it should always be one time less than the power)] and then multiply by 927

  • just wondering why didn't u just do P(1+APR)^x for compound interest?

  • @93sachit dumbass XD

  • lmao JMT= jedi mind tricks

  • everything that took a whole semester to learn from my teacher i learned in an hour just from this guy. thanks so much

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