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Estimation question

Someone invests one euro in the year 1 at 1% interest. How many euros is it today?

How close can you get? Make your own guess and earn points before you look at the answer.

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Show the answer and the reasoning

The answer

563 million euros

One euro turns into 563 million, at just 1% interest.

How to get there

  1. 1.01 to the power of 2,025 = 563 million

Source: Calculation

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