this post was submitted on 25 Oct 2024
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[–] bountygiver@lemmy.ml 4 points 6 days ago* (last edited 6 days ago)

you just need to have unlimited time, at 3% annual interest, it takes 77.89 years to 10x your money. it just happens that 532 years is 6.8 times 77.89 years, therefore you would just put a 1 million multiplier on your money anyways. And putting 1 million multiplier on 1 million dollars is enough to become a trillionaire anyways

At 3% interest, you double your money every 23.4 years, how many 23.4 years do you have?