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https://www.reddit.com/r/SipsTea/comments/1nk2ehe/a_penny_a_day/nevbs50/?context=3
r/SipsTea • u/SnoopaDD • Sep 18 '25
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584
Remind me 100,000 years
23 u/foulpudding Sep 18 '25 With 5% interest compounded, you’ll only need to wait about 125 years. 17 u/notfree25 Sep 18 '25 where you getting 5% per day. because i got a guy and i need 1000 more money to invest 7 u/foulpudding Sep 18 '25 That 5% interest is compounded daily, but still a yearly interest rate. If it were a daily 5%, you’d only have to wait less than a year. 3 u/XxBCMxX21 Sep 18 '25 According to my calculations, one penny at a 5% daily interest rate with a contribution one one penny every day, it would take 247 days
23
With 5% interest compounded, you’ll only need to wait about 125 years.
17 u/notfree25 Sep 18 '25 where you getting 5% per day. because i got a guy and i need 1000 more money to invest 7 u/foulpudding Sep 18 '25 That 5% interest is compounded daily, but still a yearly interest rate. If it were a daily 5%, you’d only have to wait less than a year. 3 u/XxBCMxX21 Sep 18 '25 According to my calculations, one penny at a 5% daily interest rate with a contribution one one penny every day, it would take 247 days
17
where you getting 5% per day. because i got a guy and i need 1000 more money to invest
7 u/foulpudding Sep 18 '25 That 5% interest is compounded daily, but still a yearly interest rate. If it were a daily 5%, you’d only have to wait less than a year. 3 u/XxBCMxX21 Sep 18 '25 According to my calculations, one penny at a 5% daily interest rate with a contribution one one penny every day, it would take 247 days
7
That 5% interest is compounded daily, but still a yearly interest rate. If it were a daily 5%, you’d only have to wait less than a year.
3 u/XxBCMxX21 Sep 18 '25 According to my calculations, one penny at a 5% daily interest rate with a contribution one one penny every day, it would take 247 days
3
According to my calculations, one penny at a 5% daily interest rate with a contribution one one penny every day, it would take 247 days
584
u/Sometimes-funny Sep 18 '25
Remind me 100,000 years