"Discover How to Make Passive Income: Calculate Your Daily Rewards Easily!
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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.
🚀 Let me simplify things for you because some of you were confused about the terms.
• Binance Earn offers different rates for their products, which can go up or down.
• APR means Annual Percentage Rate. It's the yearly interest rate, not monthly.
• You get your rewards every day, not just once a year.
• Your rewards depend on the APR.
• You can take out your investment whenever you want.
• APR is a bit different from APY (Annual Percentage Yield). With APY, your earnings are reinvested automatically to earn more until you cash out.
🌐 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 ÷ 365 days = $6.339 (daily reward)
$6.339 x 30 = $190.1 (monthly reward)
🏮 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.
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