Banks have a way to pay interest-compound interest.
That is, the interest in the previous period is counted as the principal together with the gold price.
In calculating the interest of the next period, which is what people usually call rolling interest.
The formula for calculating the sum of principal and interest according to compound interest: sum of principal and interest = principal *( 1+ interest rate) deposit period.
If a granary with a width of four meters and a height of four meters is built to store these grains, the granary will be 300 million kilometers long, which can go around the equator of the earth 7500 times, or go back and forth between the sun and the earth once.
Where does the king have so much wheat? His generous words became a debt that he could never repay to Prime Minister Sass Bandal.
Just when the king was at a loss, the prince's math teacher learned about it. He smiled and said to the king, "Your Majesty, this question is very simple, as easy as 1+ 1=2. How can you be stumped by it? " The king was furious: "Do you want me to give him all the wheat produced in the world in 2000?"