Why should I invest?
Inflation explained in simple language
Rs 100 is kept by your great greater and greatest grand father in the year 1818 in a secret box – Hint to open the box is written in encoded format on the box
Money in this box is growing at a rate of 10% per annum compounded annually
In the year 1918, your great grand father found the box and tried to open, but he was unable to decipher the code. Box went into hidden secret place after that… And still money is growing at 10% p. a
In the year 2016, when you went to your hometown, you heard from some of your neighbours about the secret box and you wanted to explore.. So you took the help of nearby archaeologists and excavated some places in near by village where ur great grand father used to live and finally you found the box
You took it home started trying to decipher the code.. You logged in the decipher code on super computer and it took 2 years and finally super computer revealed the secret code.
You arranged the numbers on the box as per the code revealed by super computer and the box finally opened
Can you tell the amount of money you see TODAY in 2018 year?
Also, tell me what would be the value of money ur great grand father would have seen if he opened the box in 1918 year?