techgirlng:
Why do you need the pro account? Anyways, I can help Inbox me. Have you heard of Etsy? You can sell things on there too.

bizhop01:

I hav 1 brand new pc for you

Klington:
wow... .. . This is amazing, I'm gonna try it out... Hope i get pc asap menh. tnx all the same. It's really frustrating not having one to work with.

fattbabakay:
What skills?

YOUNGSTUNNA:
the worse thing one can do is scripting with phone.... it sucks bro...

Klington:
please how do you learn with ur fone... .. .. .. . How possible is it Tankiiyo

Boleyndynasty2:
Let the killing spree aka self defense begin

OZAOEKPE:

You call our honourables criminals when we the citizens voted them in to represent us..... You have the guts to insult the whole Nigerians .... You nothing but a full.

dessz:
26

Narldon:



My Brother,


My current Problem is what to Eat Tonight

preponey:
it was very helpful

...Just like virus

A virus is dangerous because when it gets into the body of it's host, it produces new virus cells, this new cells also produce new cells and the process continues. This is what happens in compound interest: Principal produces interest, which also produces interest, which also produces interests....

Compound interest trajectory

Unlike simple interest which has a straight line trajectory, the trajectory of compound interest is a curved one! It's steepness changes each year - indicating changing principals and therefore changing interests each year.

Ok, this is getting too long. In the next post, I will discuss the general formular for compound interest and annuity.

Awesome Math!

Compound Interest - Something Better or Worse!

You may wonder why in simple interest we earned the same amount each year. why couldn't we make money also from our interests? That's where compound interest comes in.

In simple interest, our interest after each year was 'inactive' - it was only the original amount (principal) that was working and earning more interests! Good news, in compound interests, our principal first makes interest, then the principal and the first interest both make another interest, then the principal, first and second interest also makes interest and so on....cool? Yea, cool for the lender. Bad for the borrower.In fact, Albert Einstein called it, "one of the most powerful forces of nature".

How it works

In compound interest, after each year, the interest is added to the original amount, principal, to get an higher principal for the next year. Let's take an example, suppose that someone borrows, N10, 000 at 50% interest compound interest for 3years:

In the first year:

Principal = 10,000
50% interest after year 1 = N5,000
Amount after year one: 10,000 + 5,000 = N15,000

In the Second year: The previous amount becomes the principal:

Principal = N15, 000
50% interest after year two: N7, 500
Amount after year two: 15,000 + 7500 = 22, 500

In the third year: The previous amount becomes the principal:

Principal = 22 500
50% interest after year three = 11, 250
Amount after year three: 22,500 + 11, 250 = N33, 750

Whoah! He will pay back N33, 750 after three years compound interest. If it were simple interest, the interest after 3 years would be...

I= 10,000 * 50% * 3 = 15,000.
Amount = 15,000 + 10,000.

..he would have payed back N25,000. The difference, N8, 750, is clear!

Since the principal grows each year in compound interest, compound interest can be represented as:

I remember my Primary School friend, Kayode who sometimes borrowed some money from me and return it few weeks later with a little 'bonus'. He could borrow N10 and return N15 a week later - extra N5 for the boys!

If I had spent the N10 myself, it wouldn't had earned me extra N5 a week later that's 50% extra. The extra N5 was my gain for not using the money myself. Back then, I didnot know that the extra N5 I gained had an official name - Interest.

Interest has been with us for ages, even before we had money. Our fore-forefathers would lend out a number of seeds to their mates and recieve the same number of seeds after the planting season with some additional produce of the seeds as interest. When money was invented, interest was also invented on money borrowed or saved.

So, interst can be said to be money paid on money borrowed from a lender or saved in a bank. It's the bonus you get for not using your money yourself.

Simple Interest - It's really simple

Simple interest is usually expressed as the percentage of the money borrowed and paid after a period of time. It is a fixed amount over time . If someone borrows N10, 000 and is to pay 50% interest at the end of the year, then:

Interst = 50% * N10, 000 = N5,000

That means he will pay back N15, 000 at the end of the year.

Suppose he wants to keep the borrowed money for 6 years.Then the interest he will pay after six years is:

N5,000 * 6 = N30, 000.

Including the money borrowed, he will pay the amount of N40, 000 after 6 years. Easy to compute? That's why it's simple interest.

The Simple Interst Formula

In the example above, we multiplied the percentage with the amount borrowed with the number of years to get the interest for six years. That is:

Simple Interst, I = pecentage * amount borrowed * number of years.

The amount borrowed is usually called the Principal(P), the number of years is called the Time(T) and the percentage to pay is called the Rate(R). So, we can write:

I = P*R*T.

Since Simple interst is constant over a period of time, it can be represented as:

https://www.youtube.com/watch?v=Hnd8ZVqT_Hs

Horlaarsco:
Please is 65 enough for computer science? am from oyo..

Truth234:


Then greediness, economic sabotage and uneven wealth distribution is not the fault of capitalism but that of the people, right?

Like every other system, democracy is not a perfect system. However, Nigeria is not practising true democracy, the people has largely been undermined while few elites decide the course of the country. It is wrong to blame the victims, people, that over the years have been incapacitated by high unemployment rate, high poverty rate, poor health facility, poor educational system and lack of basic amenities.

The people are the victims of the system modified by the elites. You can call it demo crazy.

TonyeBarcanista:
Has Democracy worked in Nigeria? YES... To some extent!!!

Democracy does not build roads nor put food on our table, it is simply a system that hand power over to the people to dictate their leadership. The kind of leaders chosen by the people is not the fault nor to the credit of democracy but that of the people.

When you keep electing bad leaders, when you keep taking N1000 from politicians to vote, when your vote is strictly for the man that is from your tribe or religion, when you look the other way while votes are inflated simply because it was perpetrated by the person you wish to win etc, you can't turn around to blame democracy. You have to blame YOURSELF not democracy as a system.

Angelben10:

if not that democracy has worked for us will a Goodluck Jonathan release/handover power to Buhari? Inasmuch as they want u to believe that democracy has failed us take a look at countries under military regimes or better still take a look at the entire Middle East and u will appreciate our democracy and just wish we have better politicians to make it adorable

Angelben10:
democracy has worked for us just that the Politicians have failed us and made it look like it's democracy that's failing us

omat20:
My jamb score is 253. Waec score=31/50. Going for creative arts. Am from delta state. Will I be considered for merit.