We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Confused about compound interest - is it worth it?

2»

Comments

  • DrSyn
    DrSyn Posts: 904 Forumite
    Part of the Furniture 500 Posts
    Alex_P wrote: »
    Hi

    does anyone know why we weren’t taught this at school?

    Thanks

    Cynical Alex


    I was tuaught it at school,but only found the formula to use in later life.

    Corny Goldfield called it the " eight wounder of the world". Think of it as an express train without a top speed pulling out of a station. It may start slow to begin with, but its speed is always accelerating! With no top speed.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.1K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.