"Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein
For extremely large values, this calculator switches to
scientific notation. For example,
1E24 means 1 × 1024,
which is a 1 followed by 24 zeros.
| Month | Balance | Profit |
|---|
Many beginners fail because they try to double their account in a week. Professional traders understand the power of the Snowball Effect .
The Strategy: Aim for a net gain of just 5% per month.
Want to know how fast your money will double? Use the Rule of 72 formula . Divide 72 by your monthly percentage gain.