Calculating a CD, or certificate of deposit, can be illustrated by the formula, A equals P times one plus R over 365, all of which is taken to the Nth power. Find out how much a certificate of deposit is worth with lessons from a math teacher in this free video on math calculations for daily life.
Expert: Jimmy Chang
Bio: Jimmy Chang has been a math teacher at St. Pete College for nearly a decade. He has a master's degree in math, and his specialties include calculus, algebra, liberal arts, math and trigonometry.
Filmmaker: Christopher Rokosz
Jimmy Chang rocks really makes Logical Math a clear thought process.
velvetclit 8 months ago
thats what they are teaching in high schools
johnnygiv 1 year ago
Now this is what they should be teaching in High School!
JeffWithAnF 1 year ago 2
you need to learn how to write
JORLANDO93 1 year ago
i think he uses 365 becasue the bank puts in the interest money daily. so if your bank is putting the interest money monthly, the 365 would change to 12
Cookiekid369 2 years ago
i meant denominator in my last question
Horge711 2 years ago
does the numerator change to 180 days as well if you are keeping it for 6 months?
Horge711 2 years ago