English

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

History and Overview 2015-10-02 v1

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.

Keywords

Cite

@article{arxiv.1510.00330,
  title  = {The oldest example of compound interest in Sumer: Seventh power of four-thirds},
  author = {Kazuo Muroi},
  journal= {arXiv preprint arXiv:1510.00330},
  year   = {2015}
}