Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
The daily rate does not fit to the Annual Rate 4.39 given despite the days if I calculate 360, 365, or perhaps 370, 375.
First of all, it says 'annual interest rate'. Annual mean 1 year, which is 365 days.Quote
I do calculate regularly by 360 days because the transaction history and premium member days table shows fbc calculates 360 days.
If you lock 1000 FUN tokens with 25% APY, then you will get 246 FUN tokens as profit after the 360 days period. You aren't getting 250 FUN tokens, which should be the profit for 25% APY rate after 1 year. I hope you got the main point now.
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If this is an error it has to be fixed asap from the freebitco team.
Guess how many users could be affected by an error like this?
There is no error. You are getting compound interest on your account balance, not the simple interest. You are doing a wrong calculation there with the simple interest system. So, the key fact is compound interest system, read the bold part again and calculate the interest rate as it should be. Try this 'compound interest calculator' if you still have doubts about Freebitco daily interest rate.Guess how many users could be affected by an error like this?
