You just saved me. I had my test this morning and it was really helpful. From having a mindset of failing, when I presented the test I felt I did amazing. Really appreciate your work. Thank you
To be honest.. This is the BEST video I have found from RU-vid. Explains perfectly, why, and in a few minutes you'll be able to do it. THANK YOU SO MUCH!!
@@rakeshakissoon7652 how do you calculate simple interest in 10 months? Like at what rate of simple interest will rm 720 amount to rm 744 in 10 months?
Can you please give an example of the explanation at the end of the video...about Compound interest (the monthly calculations as well as the 6month calculation)
Look at the interest rate, look at the term of the investment and calculate according to simple interest or compound interest method, then decide on the best option.
Can you help me caculate this question and get the answer for me, im struggling. How much would you need to invest in an account paying 8%/a compounded annually if you wanted $1500 after 5 years
If interest is compounded half yearly, then the bank calculates interest twice a year ie once in the 1st six months and once in the 2nd six months hence 5.5% ÷2.
@@rakeshakissoon7652 so the 12 there represents 12 months in a year and the 2 is for the two six month periods in a year in which two interests were paid , am I right ?
Remember to give the definition according to the given context...loan...interest is money paid on a loan...investment...interest is money earned on an investment
Can u help me solve this question please How much would you need to invest in an account paying 8%/a compounded annually if you wanted $1500 after 5 years. And if answer has decimal can u include it in answer
