This implies, and is equal to launch two divided by lawn one plus R, divided by 100 or 10, divided by 100 we can say which is equal to 7.27 years and this is our. So two is equal to one plus R, divided by 100 to the power in. Is equal to be multiplied with one plus R. 1 1.Eighth Wonder of the World Wikipedia 2 2.11 Things Billed as the 8th Wonder of the World Mental Floss 3 3.Patagonia Torres del Paine, The 8th Wonder of the World 4 4.Einstein’s 8th Wonder of the World 5 5.The 7 Wonders of the World and the Places that Dare to Be Number 8 6 6. We have to find the time period when amount will be W. Now our rate of interest has given us 10 person. So that dressed in the next period is then on on the principle some plus previously accumulated interest. So it is the result of reinvesting interest rather than paying it out. Compound interest is the addition of interest to the principal sum, personal loan or deposit or in other words interest on interest. Oh every peter now coming to the core function of compound interest. It is the most powerful tool in the universe to grow your money. In contrast to this, compound interest is based upon the principal amount and the interest that accumulates on it. No its not a monument, neither any majestic human creation nor a natural scenic beauty. So simple interest is based on the principal amount of a loan or deposit. So now we have to compare simple interest with compound interest.

And who does understand compound interest, Who pays to other people. Your slave instead of being a slave to money. That's how you will become um let's see while you sleep. So that okay it compounds over many years. The real route to riches is to set aside a portion of your money and invested. He who understands it earns it, he who doesn't pays it.

Do you understand why Alberta Einstein statement that compound interest is the eighth wonder of the world.

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