Magnetic flux quantumThe magnetic flux, represented by the symbol Φ, threading some contour or loop is defined as the magnetic field B multiplied by the loop area S, i.e. Φ = B ⋅ S. Both B and S can be arbitrary, meaning Φ can be as well. However, if one deals with the superconducting loop or a hole in a bulk superconductor, the magnetic flux threading such a hole/loop is quantized. The (superconducting) magnetic flux quantum Φ0 = h/(2e) ≈ is a combination of fundamental physical constants: the Planck constant h and the electron charge e.
Compound interestCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest. It is the result of reinvesting interest, or adding it to the loaned capital rather than paying it out, or requiring payment from borrower, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance and economics.
