you go to the BANK bank, you wanna get some money so you say you want interest. aight, the guys there are billionaire geniuses and they give ridiculous amounts of money. they tell you this: give us money and we'll increase it by 1% the first year, increase it by 1% increased by 1% the next year and so on. you say: aight, this gonna give me alotta money, so you put in 100 quid, ok now see this hypothetical situation right, how much money would you get if u left it in for like 60 years? just to clarify aight, year 0 it's 100, year 1 it's 101, year 2 it increases by 1% increased by 1% so it's 103.0301, so yeah, how much money would you have after 60 years?