đ How to calculate the final amount accumulated in one year with daily compound interest for an investment in Tether (USDT)
If you invest $250 in USDT with an APR rate of 4% (0.04 in decimal format), you can use the compound interest formula to find out how much you will have after one year:
Formula:
\[ A = P \times \left(1 + \frac{r}{n}\right)^{n \times t} \]
Where:
- \( A \) is the final amount.
- \( P \) is the initial amount ($250).
- \( r \) is the annual rate (0.04).
- \( n \) is the number of compounding periods per year (365).
- \( t \) is the time in years (1).
Calculation:
\[ A = 250 \times \left(1 + \frac{0.04}{365}\right)^{365} \approx 260.20 \]
Result: After one year, your $250 investment would become $260.20 with an APR of 4%.
Tip: Before investing in cryptocurrencies like USDT, make sure you understand how compound interest works and how crypto volatility could affect your returns. A well-informed approach will help you make better decisions final
