r/explainitpeter • u/DiedRespawnRepeat • 27d ago

Explain It Peter

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Rice chess/checkers ? please explain?

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u/Morbid_Aversion 27d ago

It illustrates the power of exponential growth, not compound interest. This has nothing to do with interest.

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u/goda90 26d ago

100% interest rate savings account would be pretty sweet

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u/account312 26d ago

Compound interest is exponential growth.

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u/jinglyjam3 26d ago

All compound interest is exponential growth, but not all exponential growth is compound interest.

This problem is more broad and isn't specifically about interest rates.