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$ETH
If a person has $1000 and every day I make only one trade with a profit rate of only 0.5%, how much will be the profit percentage and what will be the total amount over a year?
✅ Data:
•Capital = $1000
•Daily profit rate = 0.5% = 0.005
•Number of days in a year (considering 365 days)
✅ Equation:
We use the compound interest formula:
\text{Final Amount} = P \times (1 + r)^n
Where:
•P = 1000 (Capital)
•r = 0.005 (Daily rate)
•n = 365 (Number of days)
✅ Result:
•Net profit over a year = 6170 - 1000 = 5170 dollars
•Profit percentage = 517%
Imagine that just half a percent compounded has become 517% and not even the largest company in the world or business reaches this number 🥴😅
$ETH
If a person has $1000 and every day I make only one trade with a profit rate of only 0.5%, how much will be the profit percentage and what will be the total amount over a year?
✅ Data:
•Capital = $1000
•Daily profit rate = 0.5% = 0.005
•Number of days in a year (considering 365 days)
✅ Equation:
We use the compound interest formula:
\text{Final Amount} = P \times (1 + r)^n
Where:
•P = 1000 (Capital)
•r = 0.005 (Daily rate)
•n = 365 (Number of days)
✅ Result:
•Net profit over a year = 6170 - 1000 = 5170 dollars
•Profit percentage = 517%
Imagine that just half a percent compounded has become 517% and not even the largest company in the world or business reaches this number 🥴😅
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