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re-leothreads-7fc5po by onealfa.leo

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· @onealfa.leo · (edited)
$0.07
re-leothreads-7fc5po
How good are you in MATH? 
Here is my task:
If I earn 4000 CUB every day (today), and I put them EVERY day in KINGDOM with 24% APY, how many new #CUB I will have after 365 days?
You think 4000*365 ?  
# WRONG !
#compounding #interest
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vote details (6)
@ifarmgirl-leo ·
$0.05
re-leothreads-4cnkxs
I'm no good at math but you'll surely end up with a lot, lot more CUB at the end of the year.
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vote details (5)
@steemstreems ·
$0.02
re-leothreads-rexvp
I get about 190573.6852 NEW CUB. Or my spreadsheet does anyway.

Don't know if I did that right now that I think about it.  Oh well..I'm gonna go with @ifarmgirl.leo and say a lot!!
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vote details (3)
@onealfa.leo ·
re-leothreads-6snueh
What ? 190573 ?
Daily 4K without compounding is a lot more:
4000*365 = 1460K

Do it again... :)
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@steemstreems ·
re-leothreads-2rskvt
CUB added from interest on just the last day would be 1084.595566
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@steemstreems ·
re-leothreads-3jzaft
That is NEW CUB!
CUB deposited = 1460000
NEW CUB from interest = 190573.6852
Total CUB at end of year = 1650573.685
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@onealfa.leo ·
re-leothreads-2rtfjn
ohhh, I see. By "new" I meant all of them, which will come in next 365 days, i.e. including those 1460000
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@steemstreems ·
$0.02
re-leothreads-5dwp4d
That assumes compounding daily of course.
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vote details (3)