"Discover How to Make Passive Income: Calculate Your Daily Rewards Easily!
๐ฐ
Hey everyone! Yesterday, I talked about a fantastic way to earn money where you could make anywhere from $100 to over $1000 based on how much you invest.
๐ Let me simplify things for you because some of you were confused about the terms.
โข Binance Earn offers different rates for their products, which can go up or down.
โข APR means Annual Percentage Rate. It's the yearly interest rate, not monthly.
โข You get your rewards every day, not just once a year.
โข Your rewards depend on the APR.
โข You can take out your investment whenever you want.
โข APR is a bit different from APY (Annual Percentage Yield). With APY, your earnings are reinvested automatically to earn more until you cash out.
๐ How to Find Your Daily Earnings (Calculating APR)
Let's use FDUSD as an example. Binance Earn offers an 11.57% APR here.
Say you stake $20,000 in FDUSD. Your daily earnings would be:
$20,000 x 0.1157 = $2,314 APR (annual reward)
2,314 รท 365 days = $6.339 (daily reward)
$6.339 x 30 = $190.1 (monthly reward)
๐ฎ Double-check with the attached image for automatic calculation.
That's how you calculate APR, no matter how much you invest.
Note: There might be small changes if the APR changes or due to early rewards.
๐ข Don't forget: Your tips
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