The oldest example of compound interest in Sumer: Seventh power of four-thirds

2015/09/17 by Kazuo Muroi, Muroi, Kazuo · 2 voices
Mathematics · #math.HO

paper · pdf · doi:10.48550/arxiv.1510.00330

Abstract

In the present paper I shall clarify that the origin of compound interest goes back 4400 years to Sumer by showing the Sumerian scribe of Enmetena Foundation Cone calculated seventh power of four-thirds.

Discussions

• And we know that compound interest on loans was well established in Sumer. Credit markets are as old as time. arxiv.org/pdf/1510.00330 [bsky, 17 points, 0 comments]
• tarihte faiz uygulandığına dair ilk yazılı kanıt 4400 yıl öncesine ait sümer kil tabletlerinde bulunmuş. o dönem mezopotamya’da yıllık faiz oranı %33.5’muş. sonrasında babil kaynaklarında %20 faiz ora [bsky, 0 points, 0 comments]

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