Question: What Did Einstein Call The 8th Wonder Of The World?

What is the rule of 72 in finance?

The formula is simple: 72 / interest rate = years to double.

Try plugging in various interest rates from the different accounts your money is in, from savings and money market accounts to index and mutual funds.

For example, if your account earns: 1%, it will take 72 years for your money to double (72 / 1 = 72).

What is the rule of 69?

A general rule estimating how long it will take for an investment to double, assuming continuously compounding interest. One calculates this by dividing 69 by the rate of return. The rule of 69 is not exact, but it provides a quick look at the effects of compounding on an investment.

What force controls the universe?

There are four known types of forces that interact with matter to define our universe. They are the strong, weak, electromagnetic, and gravitational forces.

What is the weakest force in the universe?

gravityActually, gravity is the weakest of the four fundamental forces. Ordered from strongest to weakest, the forces are 1) the strong nuclear force, 2) the electromagnetic force, 3) the weak nuclear force, and 4) gravity.

What holds the universe together?

Inertia is the force that holds the universe together. Literally. Without it, matter would lack the electric forces necessary to form its current arrangement. Inertia is counteracted by the heat and kinetic energy produced by moving particles.

Why did Einstein call compound interest the 8th wonder of the world?

Albert Einstein is reputed to have said, ‘Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it. ‘ If you invest a sum of money at 10 per cent for five years, you will multiply your wealth by 1.6 times.

What did Einstein say is the most powerful force in the universe?

Albert Einstein is said to have called “the power of compound interest the most powerful force in the universe.” The story in this posting will illustrate the power far better than I ever could in theory.

Who created the Rule of 72?

Albert EinsteinPopular belief holds that Albert Einstein once said “There is no force in the universe more powerful than compound interest,” and that he in fact invented the famous Rule of 72. The Rule of 72, as you may recall, tells us how many years are required for an investment to double, by dividing the interest rate into 72.

What is the most powerful energy on Earth?

gamma-raysThe blast of radiation, known as gamma-rays, came in two bursts that hit Earth with more than 100 billion times the energy in visible light. After decades of work, scientists have seen the most powerful ever blast from a gamma-ray burst, or GRB.

How many of the original 7 Wonders still exist?

The classic seven wonders were: Great Pyramid of Giza, El Giza, Egypt the only one that still exists. Colossus of Rhodes, in Rhodes, on the Greek island of the same name. Hanging Gardens of Babylon, in Babylon, near present-day Hillah, Babil province, in Iraq.

Did Albert Einstein invent the Rule of 72?

But Albert Einstein is not the brains behind the Rule of 72, nor did he originate, or perhaps even utter, the quote. The Rule of 72 is a shortcut to estimate how long it will take an investment to double in value.

How can I double my money in one year?

The Classic Way—Earning It Slowly The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

Is love the most powerful force in the universe?

Einstein said, “If instead of E = mc2, we accept that the energy to heal the world can be obtained through love multiplied by the speed of light squared, we arrive at the conclusion that love is the most powerful force there is, because it has no limits.” …

Can compound interest make you rich?

Compound interest refers to both the interest you earn on the money you’ve saved or invested, but also the interest you’ve earned on your interest. It’s your money making more money. … If you let your money sit in cash under your mattress, your money can’t earn more money through compound interest.

Does money double every 7 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years. … If you invest at a 7% return, you will double your money every 10.2 years.

What is the 1st wonder of the world?

Great Pyramid of GizaWondersNameDate of constructionBuildersGreat Pyramid of Giza2584–2561 BCEgyptiansHanging Gardens of Babylon (existence unresolved)c. 600 BC (evident)Babylonians or AssyriansTemple of Artemis at Ephesusc. 550 BC; and again at 323 BCGreeks, LydiansStatue of Zeus at Olympia466–456 BC (temple) 435 BC (statue)Greeks3 more rows

What is the name of the eighth wonder of the world?

Angkor WatSome travel websites have dubbed Angkor Wat the eighth wonder; and in 2007, it was one of 21 finalists for a New Seven Wonders of the World list. The New7Wonders Foundation in Switzerland came up with the list by tallying over 100 million votes from around the world.

Why did Einstein feel so strongly about compound interest?

“He who understands it, earns it; he who doesn’t, pays it,” Albert Einstein reportedly said. The beauty of compound interest is that it allows you to earn interest on your interest – so that while you have to sweat to earn the money you initially invest, from then on your money works on your behalf.

What is the most powerful force in the universe?

Albert Einstein said, “The most powerful force in the Universe is compound interest.” He referred to it as one of the greatest “miracles” known to man. Compound interest is interest added to the principal of your investment so that from that moment on, the added interest also earns interest.

Is there a 5th force?

Around the year 2000, one group proposed a new force, called quintessence, to explain the then-recent discovery of dark energy. In the 1980s, a group of physicists at MIT said they’d found a fifth force, dubbed hypercharge, that served as a kind of anti-gravity.

What’s the 1st wonder of the world?

Great Pyramid of GizaGreat Pyramid of Giza, Egypt The Great Pyramid, located at Giza on the west bank of the Nile River north of Cairo in Egypt, is the only wonder of the ancient world that has survived to the present day.