The Power of Compounding Explained
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If you get ₹50 lakh today, or just ₹100 that grows by one percent every day.
What would you choose? The answer seems simple but is truly shocking. I am Munshi Sahab,
your finance buddy who explains money in simple language. Option one: ₹50 lakh directly,
instantly, in your account today. Option two: ₹100 with one percent
growth every day. The ₹100 in your account on day one becomes approximately ₹134 by day 30,
and by day 70, this ₹100 has doubled to 200. Then 200 doubles to 400,
and 400 doubles to 800. And this doubling doesn't stop. One percent growth
every day for five years. You might be thinking, how much could the total possibly be?
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