The Nobel Laureate statement is popular on the network about how important it is to understand the complex percentage: “He who understands this, - earns it, the one who does not understand, pays him.” We checked whether he said something like that.
The quote attributed to physics can be found in numerous articles on sites banks, credit organizations And resources About investments. It is divided by users of social networks ("VKontakte" Facebook, X, Instagram, Threads) and the platform blog ("VKontakte", "Yandex Kew" Medium, Reddit). A statement about magic of a complex percentage is also found in a profile literature About finances and investments.
A complex percentage is such way Accruals of income (or loan), at which the interest accrued for the previous period, is added to the principal amount and then percentage in the next period is accrued for this new amount. For example, if a person puts 1000 rubles on a deposit, then in the first year at a percentage rate of 10% contribution will increase per 100 rubles. At the same time, for the second year, if he does not withdraw money or replenish the account, the depositor will receive 10% not from 1000, but from 1100 rubles, that is, 110 rubles. The same applies to loans: if a loan rate of 1000 rubles. It is 10%, then in the first year a person will be 100 rubles. Additionally, and for the second, again, if the loan is not partially repaid, - already 110 rubles. excess of previously accumulated debt. So a complex percentage multiplies savings (or debts) with an accelerated pace. So, in fact, the statement is true: understanding the principle of complex interest, you can earn, and not understanding it, to drive yourself into a long hole.
As for the authorship of the statement about the eighth miracle of the world, then everything is somewhat more complicated. From the moment of death Alberta Einstein In 1955, all his works were carefully studied, and many of them were digitized. “Verified” failed to discover the disassembled quote in the largest archive of Einstein's work, collected Jewish University In Jerusalem, where, according to the testament of the physicist, all his manuscripts and documents were transmitted. There is nothing like this in the databases compiled Princeton And California technological Universities in the USA.
In 2011, researchers of Princeton University released a collection of statements by a scientist The Ultimate QUOTABLE EINSTEIN. There is a section with quotes that unreasonably attribute to Einstein, and it is in it that you can find the phrase “a complex percentage is the eighth miracle of light”. The compilers of the collection give several more options for the statement (less popular in the Russian -speaking Internet), which also attribute Einstein: for example, “complex interest is the greatest mathematical discovery of all times” or “the most powerful force in the universe are complex interest”.
The portal QUOTE Investigator (QI), which specializes in checking the authenticity of popular quotes on the Internet, I found outthat a comparison of a complex percentage with the eighth miracle of light appeared during Einstein's life. The first mention found by researchers is the advertisement of the credit organization The Equity Savings & Loan Company, published in the American newspaper Cleveland Plain Dealer in 1925. However, the Nobel laureate was not mentioned as the author. According to Qi, for the first time the phrase was attributed to Einstein no later than 1988. Then about a complex percentage as the eighth miracle of the world in a commentary for the publication of Courier-Post, the president of Lipper Analytical Securities Corp. Michael Lipper, and the journalist noted that he allegedly quoted the famous physicist. By the way, Qi Disassembled And another formulation of this phrase, also often attributed to Einstein: "A complex percentage is the greatest invention of mankind." As in the case of a quote about the miracle of light, for the first time the scientist began to appear as its author only decades after death.
Thus, there is no evidence that Einstein has ever spoke about a complex percentage in such a complimentary manner. The phrase failed to find in any large database of the scientist’s works. Moreover, although the quote appeared in the media during the life of a physicist, it began to attribute its authorship to the Nobel laureate only 30 years after his death, which usually testifies to erroneous attribution.
Photo on the cover: See Page for AuthorPublic Domain, Via Wikimedia Commons
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