The formula for building wealth in my 15 wealth building math problems

Customized by Youzign Look below for video on Math Problem #1

The above image is the formula for building wealth, commonly known as the compound interest formula. Compound interest is the interest you earn on interest. If you have $1000 and it earns 5% interest each year, you’ll have $1050 at the end of the year. The formula is 1000 x .05 = 1050