How to Calculate Interest Rates (APR)

How to calculate annual interest rates.

I'll show you exactly how to calculate annual interest rates in under two minutes. It's really easy math that'll potentially save you a lot of money down the road. Interest rates will either help or hurt you financially. It's important to understand the basics of calculating interest. This is very basic math that will help you indefinitely. Just take the principle amount of money and MULTIPLY it by the interest rate. Now you've got a years worth of interest figured out. I said divide in the video. Oops.

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#honestfinance #interestrates

[larryeaton]

Correct me if I'm wrong bit shouldn't you multiply the .05 to get 500?

[bastianpayne]

Ain’t no way your first video helped solve my biggest problem. Blessings

[brackenplant]

incorrect...you multiply by 0.05 not divide

[HonestFinance]

I said to divide the principle and interest rate in this video. That’s incorrect. MULTIPLY. Sorry ;)

[angelleangelique]

Wow great first video! It was very easy to understand and also great quality. I see your channel is going well!

[L.A]

4 years ago and now you have 166k subscribers.
Congrats 😘😘😘

[Sean-gfky]

you should have a visual aid. if you can add a brick wall in post production, you can add the formulas floating above you. It's very difficult to visualize equations in your head, most people can't do this. Also, you didn't teach how to calculate an annual interest rate, you taught how to calculate a monthly gain/loss on $10, 000 with an annual interest rate of 5%. Lastly, you need to tie it all together in the end and make sure the watcher understands what it is they've just learned. This can be done with multiple example problems or an explanation of how the concept will affect them in their everday life.

[kingsimba]

Great video!! Simple and quick. Love it !!!

[CandidlyCheri]

I am a new subscriber... Your channel is waaay different from Mine... Lol... I do Reborn Doll videos... Just starting out... I found Your recent video about How to go about Buying or financing a Car and I appreciate the info... You asked to go back to Your First video and I saw the Difference... Ty very Much... I've learned a couple of useful tips from You Today, So Thx again... Sincerely, Cheri K...

[melaniedeering]

Man I thought I was losing it. This video wrong 😂

[augusttrevino]

Eventhough I understood you it would be better if you showed some type of illustration. Thanks for the information!!

[bryanc]

I wish he wrote things down because I’m a visual learner and all the words flew though my head

[dart]

You should make a video how to calculate APR and Interest on the same loan

[brewer]

So if I'm paying a car payment with a 16.69% interest rate and my payment is 370.90 each month how much would I pay in interest each month

[ldevis]

So if you pay back the loan in one month do you only pay the interest of $41.66?

[antoniokogol]

Correct @ Larry I was confused a minute I'm where us this 500 on this division shit

[nazhas]

can u do a video how to find a RATE compounded plz

[CMC]

I think you mean that you multiply 10000.00 by .05 to get your interest amount to get $500 !

[Damon-hihn]

Is this a joke. For your first video you made a major mistake. Math lesson: you don’t divide you multiply. This is crazy. Did you do the math yourself? As a teacher it’s super important to make sure we do all the problems BEFORE we have the students do them.

[HonestFinance]

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