🚨Here's a rephrased version:🚨
"Learn How to Generate $100 to $1000 in Passive Monthly Income: 💸
💥Calculating Your Daily Rewards (APR)🎁
Hello everyone! 🙋
Yesterday, I introduced an exciting opportunity for earning where you can potentially make $100 or more based on your staking amount.
Let's clear up some confusion some of my followers had regarding the terms used in the content:
▶️- Binance Earn provides variable APR across its products, meaning the APR can fluctuate.
▶️- APR stands for annual percentage rate, indicating the percentage earned per year, not per month.
▶️- Your rewards accrue daily, so you don't have to wait a whole year to receive them.
▶️- Rewards are calculated based on the APR.
▶️- This involves flexible staking, allowing you to unstake at any time.
▶️- It's important to distinguish between APR and APY; APR is the rate earned annually, while APY involves reinvesting earnings to compound rewards until they are redeemed.
Determining Your Daily Earnings (Calculating APR):
Let's use FDUSD as an example, where Binance Earn offers an APR of 11.57%.
Imagine you're staking $20,000 in FDUSD. Your daily earnings would be calculated as follows:
$20,000 x 0.1157 = $2,314 APR (annual reward)
$2,314 divided by 365 days = $6.339 (daily reward)
$6.339 multiplied by 30 = $190.1 (monthly reward)
You can cross-check this with the automatic calculation provided in the attached image.
This method applies regardless of the staked amount. Keep in mind that slight adjustments may occur with changes in APR and due to earnings from early rewards.
Remember: Your generous tips support our ongoing research into more opportunities."
#Write2Earn #binance- #FDSUD #APR