← Personal Finance Basics

Lesson 3 of 3 · 8 min

Compound interest

Compound interest earns returns on your returns. €1,000 at 7% grows to about €1,967 in 10 years.

Time in the market matters more than timing — starting early is the biggest lever.

Practice

Use the rule of 72: divide 72 by an interest rate to estimate how many years money takes to double.

Quiz

+50 pts
1. Rule of 72 at 8% doubles money in about…
2. Biggest lever for compounding?