AI is going to tell what will be the value of Rs 1 crore by 2050: What will happen according to AI? What impact can it have on people investing.
If you invest and are collecting money for your future, then today’s experiment can be useful for you. Keeping in mind the rising inflation rate, we tried to know the value of Rs 1 crore by 2050. For this, we have taken the help of ChatGPT. We asked ChatGPT what will be the value of Rs 1 crore in 2050? On this, ChatGPT has shared its data with a logical calculation. Let us give you information about it.
Inflation rate will have an impact
Answering this question, ChatGPT has highlighted inflation rate as an important factor. ChatGPT said that to find out what will be the value of Rs 1 crore in 2050, we should know about the inflation rate. Because the inflation rate keeps increasing and decreasing. As we know that the inflation rate keeps changing every year. In such a situation, we can calculate it by assuming the average annual rate to be 6%.
This formula was used
Let us know that ChatGPT used a special formula to find out the real value of Rs 1 crore by 2050. Along with this, it also told that its real value will be affected according to their prices in view of the increasing inflation every year. You can see the formula used by AI for this in the image given below.
PV= FV/(1+ inflation rate) number of years
Where
Pv= present valu (the redcued value in 2050 rupees )
Fv = future value ( 1crore rupees )
Inflation rate =6% or 0.06
Number of years =2050-2024 =26 years
calculation
Pv =1,00,00,000/( 1+0.06)26
Pv =1,00,00,000/(1.06)26
Pv =1,00,00,000/4.291
Pv ~23,35000 rupees
In this, the current value is Rs 1 crore, inflation rate is 6% (0.06) and the time taken is 26 years (from 2024 to 2050). According to this calculation, if the inflation rate is 6% per year on average, then in 2050, the purchasing power of Rs 1 crore will be the same as Rs 23.35 lakh. That is, compared to today, the value of Rs 1 crore will decrease by about 76% in the next 26 years due to inflation. In the coming time, generally everything will become expensive.
Now the question arises that what will be the effect on investment? If you are saving money for your future, then even after saving for 20 years, the value of the money you have saved will be much less than today. With the increase in inflation rate, things will become expensive and expenses will also increase, so will your savings be able to meet your needs? Only time can tell this. In the coming time, the more you save, the more will be the expenditure, so you should save as much as possible.
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