Two stories about compound interest: origami and Washington borrowing money

one thousand seven hundred and seventy-seven In the severe winter of, the revolutionary army led by General Washington, the commander of the United States Allied Forces at that time, ran out of ammunition and food. For this reason, Washington asked the people of Pennsylvania in the besieged area for help

Story 1: Origami

Can a piece of white paper reach the moon?

Many people may say no!

But is that really the case?

If you can find a piece of white paper large enough, fold it in half forty-four And its thickness can reach the moon.

 

Story 2: Washington borrows money

one thousand seven hundred and seventy-seven In the severe winter of, the revolutionary army led by General Washington, the commander of the United States Allied Forces at that time, ran out of ammunition and food. For this reason, Washington asked for help from the people of Pennsylvania in the besieged area. It was time for the big landlord Hardwin to lend five 10000 yuan of gold and forty Ten thousand yuan of grain supplies, about forty-five A loan of ten thousand dollars, the borrower is the Mainland Congress, and the annual interest rate is six Per cent.

 

two hundred and eleven Years later one thousand nine hundred and eighty-eight Year, forty-five $10000 with interest has rolled into one thousand four hundred and sixteen US $100 million, This astronomical debt is enough to bring down the US government. When Hardwin's descendants proposed repayment, the US government would certainly refuse to repay. (From ABC Fund Brochure)

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Author: Coyote Sister

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