Reminds of Futurama with billionaire Philip J Fry after unintentionally leaving 93 cents in the bank for 1000 years.
93 cents would turn into approximately $17.88 trillion with compound interest of 3% over 1000 years.
93 cents would turn into approximately $4.28 billion with compound interest of 2% over 1000 years.
93 cents would turn into approximately $19,482.22 with compound interest of 1% over 1000 years.
Merry Christmas!
Clearly not, since all the answers were incorrect; two of them by an order of magnitude:
* 0.93((1.03)^1000) is 6.393E12, not 1.788E13
* 0.93((1.02)^1000) is 3.7E8, not 4.28E9
* 0.93*((1.01)^1000) is 19,492, not 19,482
...on a whim, I just tried asking ChatGPT "What would 93 cents accumulate to over 1000 years with 3% compound interest?", and the answer (179.74) was staggeringly wrong because it thought that 1.03^1000 was approximately 193.48.
How timely that https://news.ycombinator.com/item?id=42484937 was posted today.
I doubt anyone reading this will believe me, today is the second day I have ever tried using an LLM. Talk about a backfire.
I hope my message didn't come across at too unpleasantly confrontational - I'm not annoyed at _you_, but rather at the over-reliance of these hallucination machines in our industry which is supposed to prize hard data and accuracy. I'm glad I was able to help someone gain a bit of reasonable skepticism for them!
All the very best to you and yours for this holiday season!
[1]: https://www.investor.gov/financial-tools-calculators/calcula...