Does Compound Interest Work the Same in Separate Accounts?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 3 February 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.8	Jordan is in Salem, Oregon.
0:15.7	Hi, Jordan.
0:16.2	How are you?
0:17.1	Hi.
0:17.7	I'm well.
0:18.2	Thank you.
0:18.9	Thank you for taking my call.
0:20.7	Sure.
0:21.6	How can we help?
0:22.6	I was wondering if compound interest still works the same across multiple accounts as it does in one account.
0:30.6	Exactly the same.
0:32.6	If they're invested the same, then yes.
0:34.6	Okay.
0:35.6	If you're earning... Hey, or you can do the math.
0:38.7	If you're earning 10%, and you have $100,000, 10% would be $10,000.
0:47.3	Does that sound right?
0:48.8	Yes.
0:49.3	If you had a single account that was only $10,000 and you had 10 of those, 10% on $10,000 would be $1,000.
0:59.0	Does that sound right?
1:00.0	Yes.
	...

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