Folding 0.1 mm thick sheet of paper 42 times will be enough to reach the Moon.
That's the power of compounding.
₹100 at 15% per annum for 10 years becomes ₹400.
₹1000 compounded again for the next 10 years becomes 4,000.
Just imagine if you compounded for 10 more years. You will make it 16,000.
15% for 10 years is 4 times.
15% for 20 years is 16 times.
15% for 30 years is 66 times.
15% for 40 years is 267 times.
Morale of the post:
Start investing as early as you can.