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If you invest only Ksh. 5,000 and never add another cent, and it compounds at 15% per year you end up with Ksh. 5.4M after 50 years This is a hypothetical example, but it shows how crazy compounding can get
That example of 0.01 ksh in 31 days will not be 21 million I think you meant 10bob that doubles everyday... In 31 days it will be 21 million But you concept is true 💪
if you invest 0.01 (principle) that doubles daily (rate/interest=100%) for 31 days (time=31) you will have a total of 21474836.48KSH. Here is the correct formula that will lead to that answer: A=P×(1+r)^t. The problem is that it is not practical or easy to get such an investment that will earn 100% daily, but its a perfect example of how compound interest is key.
Let’s calculate the amount after 31 days using the formula for compound interest: So, if you start with 0.01 and double it every day for 31 days, the amount will be approximately $21,474.83. The compounding effect leads to a significant growth over the period.
@@kevinojoe5456 he is correct, the correct formula that he used (which is correct) is P+(1+i)^t where P=0.01ksh, i=1 (doubling daily means 100% interest), and t,time=31days.
Thank you for your support by helping us create content.
MPESA TILL (BUY GOODS) - 5236949
PAYPAL - Njau.richard@gmail.com
CARD PAYMENTS - checkout.mookhpay.com/cta
SEND WAVE - (+254) 0728-595-022
-------------------------------------------------
Order Your CTA Hoodie & Mugs
Send WhatsApp Message to +254 727 237102 (Nick Gitau)
-------------------------------------------------
Don't forget to SUBSCRIBE - bit.ly/SubscribeToCTA
Pius is a good storyteller. I love how he infuses stories to explain heavy concepts.
Interest on interest,i love compund interest
If you invest only Ksh. 5,000 and never add another cent, and it compounds at 15% per year you end up with Ksh. 5.4M after 50 years
This is a hypothetical example, but it shows how crazy compounding can get
I m learning so much 😊. Thank you all so much
Super dope 🔥🔥🔥🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
Uweeee...I almost picked the first option, 1M,
Hello CTA
Am a Nigerian and i want to invest, how can i contact Pius
Call/WhatsApp (+254) 0709 902700 or email invest@nabocapital.com
That example of 0.01 ksh in 31 days will not be 21 million
I think you meant 10bob that doubles everyday... In 31 days it will be 21 million
But you concept is true 💪
He was thinking in USD hehehe, half the theory was in USD the other in KES
He is right sir
if you invest 0.01 (principle) that doubles daily (rate/interest=100%) for 31 days (time=31) you will have a total of 21474836.48KSH. Here is the correct formula that will lead to that answer: A=P×(1+r)^t. The problem is that it is not practical or easy to get such an investment that will earn 100% daily, but its a perfect example of how compound interest is key.
Let’s calculate the amount after 31 days using the formula for compound interest:
So, if you start with 0.01 and double it every day for 31 days, the amount will be approximately $21,474.83. The compounding effect leads to a significant growth over the period.
@@kevinojoe5456 he is correct, the correct formula that he used (which is correct) is P+(1+i)^t where P=0.01ksh, i=1 (doubling daily means 100% interest), and t,time=31days.