Compounding Interest


The rule of 72 is quite an interesting idea applied to the case of steem investment. The idea of rule of 72 is that it calculates the approximate duration of time over which an investment will double at a given rate.

For instance, an investment with an annual rate of 6% will return double after 12 years. (72/6).

For the case of steem, I found that annual return of investment in steem number, or appreciation value is 21% base on tipu and smartsteem approximate. This would imply that it would just take 3.5 years to double your money.

This is true assuming that the value of steem will not decrease. But if it increase, and is not subjected to changes in version update.

This is an attracted idea. Should double my steem after a year from now.

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Comments 2


You got a 61.38% upvote from @brupvoter courtesy of @wakanda-forever!

12.07.2019 02:08
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You got a 59.80% upvote from @brupvoter courtesy of @wakanda-forever!

12.07.2019 06:20
0