Post
Topic
Board Micro Earnings
Re: FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
TheQuin
on 12/05/2022, 05:59:56 UTC
i think daily interest amount rate is incorrect   4.28 / 365 should be 0.011726027 per day

can anyone check it

I don't need to check because I know how compound interest works. You can't just divide by 365 because interest is paid every day meaning the next day's interest is calculated on the new larger balance.

https://www.investopedia.com/terms/c/compoundinterest.asp