Hello Sir, Love your videos, They are really helpful. To your last question, the value of the repayments (x) starting 6 months later is gonna be x = R2772.39c i.e. the number of payment is gonna be 55 (since its 60 - 6 +1 = 55)... 😊
@MlungisiNkosi
2 жыл бұрын
Thank you 😊
@kgaogeloakaaka7393
2 жыл бұрын
Yoo thanks man.. I was so lost 🤘👊
@limikhayaffjcwlimmy1341
Жыл бұрын
Hello Sir thank you for the lesson. I am really lost on that 56 months at the end how did you arrive to that? Because the loan is paid after 6 months shouldn’t we just subtract that 5 months from 60 months and arrive at 55 remaining month?
@zeetazerf1247
5 ай бұрын
was my exact thoughts
@karabomoloi9635
5 ай бұрын
@@zeetazerf1247 yes, its 60-5=55 then you add 1 for the gap of the payment then you get 56
@her5299
Жыл бұрын
Thank you sir ...left with lesson 6 and 7 🪜I'm getting there and I understand the concepts wow I'm grateful!🥰
@MlungisiNkosi
Жыл бұрын
I’m so glad to hear that 😃
@nolwazishange7007
Жыл бұрын
First time ever understanding Financial Maths. Thank you
@boipelosalome7209
2 жыл бұрын
I just finished watching the first 4 now now😂I did not want to take a break,hence I was going to wait for this one impatiently😂😂just when I thought iyoo im going to wait, then boom the notification 🔥😂😍Thank you so much ❤you have been nothing but a blessing to us sir❤
@MlungisiNkosi
2 жыл бұрын
The pleasure is all mine. Wait… there’s more coming 😊
@makkadeshkombase5956
7 ай бұрын
Sir please add challenging questions because the questions we see in an exam are like volcanic eruptions 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
@siphokunene8612
2 ай бұрын
I'll recommend mind action series text book.
@cebilezungu548
Ай бұрын
@@siphokunene8612 True, we are using it in my school and the questions there are not child's play. My maths teacher said the authors of the book are the examiners.
@MphoentleKhutswane
Ай бұрын
😭😭thissss😂
@keamosole8407
2 жыл бұрын
I was so frustrated with financial maths and I thankful for your help.My attitude towards this topic has changed. Im writing a pretest on Wednesday, I hope that all goes well.Thank you once again.
@MlungisiNkosi
2 жыл бұрын
It is my pleasure 😅
@PulaneMofokeng-ts7bq
Жыл бұрын
To be honest this channel is a life savior ❤😊
@VuyisiweSphiwe-ju3xd
4 ай бұрын
Hy sir i got lost when u subtracted 6 from 60 pls can u pls explain 🙏
@thandekaemily9770
2 жыл бұрын
You are such a best fixer😀✊ "mlungisi"thanks alot God bless & release glory without measure in your life,hoping for the best im writing friday🥺
@MlungisiNkosi
2 жыл бұрын
Fixer-Mlungisi 🤣 I like that… You’re more than welcome
@boipelosalome7209
2 жыл бұрын
The lesson is🔥🔥❤can't wait for the one of sinking funds.
@MlungisiNkosi
2 жыл бұрын
I’ve recorded it already 😊. The icing on the cake is the calculation of the balance on a loan
@user-xm8wp1vd2u
Жыл бұрын
I am still lost😢on the first example how did u get that 2491.00? How did you cross multiply? .
@lebogangmoshoeu6752
Жыл бұрын
Thank you so much, yesterday I had a lecture about these things, and I was so lost! Keep on being great sir
@MlungisiNkosi
Жыл бұрын
You’re welcome
@itumelengprincess8929
2 жыл бұрын
Your videos are very understandable sir thank u 😜
@MlungisiNkosi
2 жыл бұрын
You’re welcome
@user-yc6so7xo7n
3 ай бұрын
Thanks for making it easy for me but i don't understand the n^th part why is it 56 not 55 cause 60 -6=54+1=55
@WoeMoe3623
27 күн бұрын
I am also lost😂
@PalesaPreciousMashego
25 күн бұрын
Samee
@_undeniably_blessed_33
11 ай бұрын
Thank you malume ❤ May you please do measurements as tour next series. I'm currently in grade 11 and I'm realising measurements are important for both school and NBT prep🙏 Again, thank you so much for all the effort and help.😊
@ipelengmangwane5687
Жыл бұрын
tank u soo much 🙏😊nw I understand this chapter
@user-kv2il7we5u
Жыл бұрын
Thank you sir your lesson are great indeed 🤝🥺❤
@thandongcobo4295
Жыл бұрын
Pardon me sir but u had a misconduct 60-6=54then plus 1 which will be 55 not 56
@AsandisaHem-jm2ny
Жыл бұрын
@thandongcobo4295 I thought I was the only one who noticed that mistake
@richardnicholls69
Жыл бұрын
Formula correction FV (-pmt)(1-(i÷12×100)^n)÷I PV (-pmt)((i÷12×100)^(-n)-1)÷I This is the correct format as per a financial calculator. This important at determines whether your result is negative or positive as a negative amount is your money.
@MlungisiNkosi
Жыл бұрын
Thanks
@heismalekere454
7 ай бұрын
Morning I like to attend the afternoon classes.
@KabeloPrince-g4c
Ай бұрын
11:54 in this part our sir showed us we can use the , n= TOP - BOTTOM+1. Where top is the total period of months and bottom is the month you skip paying then the plus 1 is the gap sir nkosi is talking about.
@YamkelaNjoti
Жыл бұрын
J enjoyed the lesson thanks to you sir
@boipelosalome7209
2 жыл бұрын
Mr please don't forget to finish off probability, You know we are nothing without this channel ☺
@MlungisiNkosi
2 жыл бұрын
Counting principles neh?
@boipelosalome7209
2 жыл бұрын
Yebo my leader🥂
@Khanyi_81
2 жыл бұрын
Yes I'm also having the same question you said n=60-6+1=56 was it just a miscalculation sir?
@YoGirl_Siri
2 жыл бұрын
exactly😂,i don't even listen to my maths teacher in class anymore coz i found this channel.🤣🤣You just make Mathematics fun and easy.Thank you for this one,it really helped 😉
@carltontee6798
2 жыл бұрын
🙏🏆🏆🏆King Mlungisi
@MlungisiNkosi
2 жыл бұрын
🤣🤣🤣🤣🤣🤣🤣🤣🤣
@carltontee6798
2 жыл бұрын
@@MlungisiNkosi the best
@staypositive1345
2 жыл бұрын
, Sir I have questions Let say we used same timeline The person pay T1 T2 and missed T3 T4 on term 5 continue pay until T6 How to find installation (x) n outstanding balance at the let say T4
@MlungisiNkosi
2 жыл бұрын
Tjoooooo…. Let me get back to you on this.
@lorrainenyirenda74
2 жыл бұрын
Thank you so much ❣️❤️ you are being so Helpful Mr M 🙏
@MlungisiNkosi
2 жыл бұрын
You’re most welcome
@phemelolekwadu43
2 жыл бұрын
Sir how come the n is 56 when we subtract 6 from 60 and add 1 give us 55
@MlungisiNkosi
2 жыл бұрын
That value should have been 55. You are correct
@tonynkuna7679
2 жыл бұрын
it was just a slight mistake, it happens ..
@prudencengoy9265
2 жыл бұрын
Good day Sir thank u for the lessons they have been💯 Really appreciate ur help 🤗 Just a bit confused on the subtraction. The {60 months Minus the 6 months + 1 will give us 55) or are we taking away 5 months excluding the gap thn adding 1.
@thatwasawesome551
2 жыл бұрын
I was also confused there😶
@dimakatsomakhubela5055
2 жыл бұрын
I think he made a mistake
@MlungisiNkosi
2 жыл бұрын
Yes I made a mistake there
@iambenditaofficial
2 жыл бұрын
so its 60-6+1 ?
@bobbynem3152
2 жыл бұрын
You're the best my good brother
@MlungisiNkosi
2 жыл бұрын
You’re welcome ☺️
@BoitumeloMakape
3 ай бұрын
Hello sir ,why did we use months in the last question for the number of years ?
@MlungisiNkosi
3 ай бұрын
Interest is compounded monthly
@austin_tiyani
Жыл бұрын
31:20 The answer is R2772,39. I think you made a mistake at the number of months, it is supposed to be 55 not 56 cause the repayments were started at the 6th month which means you were supposed to say 60-5=55 (5 months of which you were not paying).
@MlungisiNkosi
Жыл бұрын
And the time it takes between the granting of a loan and the repayment
@bonganimichael2145
24 күн бұрын
Good day Mr Nkosi I'm new here .
@sunnyboynhleks1926
Жыл бұрын
Good day sir, I hope you good Mr Mlu the maths plug. On the last minutes, I would like to know that will it not be 60-6 +1?
@MlungisiNkosi
Жыл бұрын
Yes it will
@BlackAngel-mf6do
Жыл бұрын
Simply the best👌🏾🔥
@mandlovu2779
2 жыл бұрын
Was waiting for this 🤞❤️... Thank you sir
@MlungisiNkosi
2 жыл бұрын
You’re welcome ☺️
@user-re7ft8pl9e
3 ай бұрын
How can it be 56, but 60-6=54 then +1 becomes 55?
@MlungisiNkosi
3 ай бұрын
It was a genuine mistake
@kevinsiyabongankombisa4403
2 жыл бұрын
Sir u didnt explain how to calculate if someone pays early for instance before the 12 months a ,like how do you calculate that?
@MlungisiNkosi
2 жыл бұрын
Mine is to give guidance and not to do every example for you. Ilwa with the knowledge I’ve given you. Anyway I cover this on calculating the balance on a loan
@busishabalala6350
Жыл бұрын
Sir how come you didn't multiply the exponent after you compounded monthly
@siphokunene8612
2 ай бұрын
Reason of multiplying by 12 years into months, therefore you can not convert 5months into months.😊
@potegomothata4676
2 жыл бұрын
Have been waiting for this one🔥🔥
@MlungisiNkosi
2 жыл бұрын
Mlu delivers 😊
@donaldmokgokong1027
Жыл бұрын
🙏🙏👍 Thanking you always
@makimmakoma7415
2 жыл бұрын
You are so helping❤...it's pity for me I found this channel yesterday and am writing maths today 😫
@MlungisiNkosi
2 жыл бұрын
Why did you have to wait so long?
@makimmakoma7415
2 жыл бұрын
@@MlungisiNkosi I wasn't really checking these channels 🥺
@qhawekazipinzi2903
2 жыл бұрын
Hey sir love your videos. I have a question what if they say you should calculate the number of payments required to settle the loan 🤔
@MlungisiNkosi
2 жыл бұрын
You use the formulae to get the “n” value
@janekananelo855
Жыл бұрын
Sir i was bit confused by the "he repays the loan 1 month after the loan was granted." I used to say example 5x12=60-1=59 😂😂😂but now my confusion is cleared up thank you sir...
@MlungisiNkosi
Жыл бұрын
I’m glad that I’ve managed to do that for you
@lettia5836
Жыл бұрын
Hie sir thanks, I didn't I'm lost where you said 55 months plus 1 because in total it will be 61 months if we add back the other 5 months
@user-ws6qu9iw1d
Жыл бұрын
Thank you sir 😁
@vusimahlangu612
2 жыл бұрын
Good day Sir, I think there was a mistake when calculating the accumulated amount because you forgot to multiply number of years by 12
@dikgangafrika5573
2 жыл бұрын
,I am also puzzled by the same thing ...sir please explain why we didn't multiply the number of months with 12?
@MlungisiNkosi
2 жыл бұрын
Please provide a time stamp. I think it was an error. I will look into it…
@zulaikhangwane9187
2 жыл бұрын
28:59 sir
@optimisticbeing2740
2 жыл бұрын
hi! at 25:55 , why do we use the compound interest formula?
@MlungisiNkosi
2 жыл бұрын
It is compound interest as the question states
@optimisticbeing2740
2 жыл бұрын
hi! at 27:20 , why don't we divide i (interest rate) by m?
@MlungisiNkosi
2 жыл бұрын
I corrected it later in the video
@tlhokmokoena5396
2 жыл бұрын
With Brian’s example if he started paying on the sixth month why isn’t n 55 because he didn’t pay for 5 months
@MlungisiNkosi
2 жыл бұрын
Remember there is always a month that lapses between the granting of the loan and the first payment…
@vavo5797
2 жыл бұрын
To add to that or to ask sir why isn't it 55 because it 60-6=54+1=55
@makhadokeedy7142
2 жыл бұрын
@@vavo5797 my question exactly
@azasouthafricanyoutubers5654
Жыл бұрын
@@MlungisiNkosi but sir I still don't understand how it's 56 and not 55
@nomsamatiso8233
2 жыл бұрын
Thanx sir for all your efforts.. I wish you can come replace my Maths teacher.
@MlungisiNkosi
2 жыл бұрын
We’re here to assist one another…
@zembii66
2 жыл бұрын
Sorry Sir u made a mistake there with the months at the end . Thank you
@MlungisiNkosi
2 жыл бұрын
Apologies on that
@itendentofokeys8824
Жыл бұрын
60-6+1=55
@dimpledtiancxa2483
Жыл бұрын
I don't understand the last part. Where n is 56. Please explain. I tried repeating the video but it's still not making sense. How I understand it is that you have 60months right, so shouldn't you subtract 5 months because you the 1st payment started after the 5th month
@MlungisiNkosi
Жыл бұрын
Check videos I’ll be making this coming week
@user-pd1kk1rm9k
2 ай бұрын
Sir I don’t understand why we used 6 months
@atlimolokwe6302
Жыл бұрын
Hello sir ,why didn’t you multiply the 12 to the power of 5 ?when you were calculating the accumulated amount 29:25
@MlungisiNkosi
Жыл бұрын
It was only in 5 months and the interest is compounded monthly
@tshepisomakitla6090
Жыл бұрын
Hello sir I like your programs how can I download this video ?
@MlungisiNkosi
Жыл бұрын
Watch it right here on the app
@kereditsesegoe2671
2 жыл бұрын
sir can you do matrix and determing the determent matrix or you only focus on grade 12 syllabus
@MlungisiNkosi
2 жыл бұрын
One thing at a time… I will eventually get to post-matric content. I promise
@kereditsesegoe2671
2 жыл бұрын
@@MlungisiNkosi please do sir the tests are hard.
@BabyPanda_-vq7wz
2 жыл бұрын
❤️
@MlungisiNkosi
2 жыл бұрын
❤️
@noluthandomazibuko-gp1jc
4 ай бұрын
Hi am having challenges in calculations
@optimisticbeing2740
2 жыл бұрын
28:58 - why aren't we dividing 0.09 by 5 because m has to be the same. and that's how we've been doing it all along. please explain sir, i'm confused
@MlungisiNkosi
2 жыл бұрын
Remember 0.09 is already the monthly compound interest.
@thobekandlela7556
Жыл бұрын
What happens when they ask for the value of n
@MlungisiNkosi
Жыл бұрын
Check the past exam papers I did
@nothandondlovu8733
2 ай бұрын
Thanks
@MlungisiNkosi
Ай бұрын
Thank you so much
@ChristBearer2k
2 жыл бұрын
R2732,37c💪
@MlungisiNkosi
2 жыл бұрын
Hero
@kamogeloprincess1284
2 жыл бұрын
Am unable to find the value R2491.00 on the calculation
@MlungisiNkosi
2 жыл бұрын
I will try to get an emulator so that you see how I do it on the calculator
@deonndlovu14
2 жыл бұрын
Mlungisi "The fixer"😭🙏
@MlungisiNkosi
2 жыл бұрын
What a prophetic name neh 😊
@saneleterence8297
2 жыл бұрын
Good day sir, I don't understand how you got n=56 at the last question 🙏🕯️ please explain sir
@MlungisiNkosi
2 жыл бұрын
Apologies that value should have been 55. I sincerely apologise
@silindokuhlezakwe815
Жыл бұрын
Thank you for the videos,they are indeed helpful. However I did not understand why we had to subtract 6 from the 60 months when 5 payments were missed. Couldn't we just subtract 5 and end up with 55 months then use that? Also what happens if a payment is done immediately?
@MlungisiNkosi
Жыл бұрын
Did you miss the part where I spoke about the delay between the granting and payment a loan?
@flexace768
2 жыл бұрын
n=-55 X=R4181.50c
@MlungisiNkosi
2 жыл бұрын
Awesome
@ebrahiimmmmm
2 жыл бұрын
great video, however 60-6+1 =55 not 56 lol
@MlungisiNkosi
2 жыл бұрын
I made an error. I apologise
@otsilempete3289
Жыл бұрын
n=60-6+1 n must be =55 not 56
@MlungisiNkosi
Жыл бұрын
Thank you
@PulaneMofokeng-ts7bq
Жыл бұрын
Sir .....n is 60-6=54 not 56
@ntandoyenkosimoyo2071
2 жыл бұрын
sir my answer is R2772,39 😁
@MlungisiNkosi
2 жыл бұрын
Ok ✅
@nokukhanyadlanagalala6864
2 жыл бұрын
Chile!❤️🔥
@MlungisiNkosi
2 жыл бұрын
Thank you ❤️
@rutendombofana6559
Жыл бұрын
Okay l was confused why its 56 and not 55 then l remembered the time lapse between the granting of the loan and the first payment plus the payment made on the actual 6th month so its60-6 +(2)=56
@MlungisiNkosi
Жыл бұрын
Please explain it to others…
@sabataradebe5385
2 жыл бұрын
literally got lost at that 60-6 part ,sir🥲
@MlungisiNkosi
2 жыл бұрын
I’ll do another past paper. Perhaps that might help
@YoGirl_Siri
2 жыл бұрын
@@MlungisiNkosi please don't forget about doing the past paper,seems like majority of us got lost there🥲
@lauraingaveuya6695
2 жыл бұрын
Sir,,this is was really helpful but at the last part how are you getting 56 if 60 minus 6 ,plus one is 55....as you stated in your explanation
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