albion bank

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How to calculate profit?

Let's review 2 variants:

1. The deposit come back:

 for high interest rate:

(example) invest $100 under 105% for a day, day later you get 100 (deposit) + 5 (interest rate) = $105.

(example) invest for 7 days, ONLY after 7 days you get 100 (deposit) + 42 (the longer term, the higher interest rate) = $142.

for mid interest rate:

(example) invest $100 for 30 days under 1,6 % daily, day later you get $1,6 and totally for term of investment:

100 (deposit) + 1,6*30 (days) = $148 if charge of interest is daily and

100 (deposit) + 1,6*24 (approximately working days in a month) = $138,4 if charge of interest is only in working days.

2. The deposit is included in payments:

(example) invest $100 under 5% daily for 30 days (the deposit doesn't come back), totally you get: 5 * 30 = $150, $5 daily.