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Section 1

1. Section 1

1.31. Lesson 3 Summary

Mathematics 20-3 Module 2

Section 1: Simple and Compound Interest

 

Lesson 3 Summary

 

This is a graphic of the formula E = mc72

 

In Focus you read that Einstein claimed that compound interest was the greatest power in the universe. Perhaps Einstein’s famous formula E = mc2 was really E = mc72!

 

In this lesson you explored the Rule of 72. You now have a tool for relating compound interest rates and the corresponding times required to double investments. Use this information to help you make wise investment decisions.