Math in Daily Life : How to Calculate Compound Interest

Compound interest is calculated with the formula of A equals P times one plus R over N to the Nth power. Plug in numbers to a formula to calculate compound interest 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

Category:

Howto & Style

Tags:

• math
• math calculations
• math tips
• math lessons
• equations
• calculations
• daily math
• math skills

[iheartblue18]

My Mathematics teacher Just teaches us, not clearly. -___-"

[gisda1]

Thank you, my maths teacher is crazy Thanks for the equasion!

[TheWheater]

Thank you so much

[dbrogers007]

Thanks a million!

[Izzy1179]

Thanks a ton helped me so much lol

[Salien1999]

If this is daily my teachers were right :/

[gazettefan42]

Best video on here for compound interest!! I thought I was going to fail my math homework. Thank you soooooo much!

[taylorpamplin]

this helped a lot! thanks (:

[Amoses213]

how do you calculate the rate with compound interest?

[lostservant]

@tinrealty

100000(1+.05/12) to the (12 x 1/12) power, thus you owe 100000(1.0042) to the 1, or $100420 at the time of your first mortgage payment, you pay $536.82 and now you owe $999,883.18 Repeat this process 359 more times and you will get 0.