#StablecoinLaw If someone has 1000$ and makes only one trade every day with a profit rate of only 0.5%, what will be the profit rate and the total amount over a year? ✅ Data:
• Capital = $1,000
• Daily profit rate = 0.5% = 0.005
• Number of days in a year (assuming 365 days)
✅ Equation:
We use the compound interest equation:
\text{Final Amount} = P \times (1 + r)^n
Where:
• P = 1,000 (Capital)
• r = 0.005 (Daily rate)
• n = 365 (Number of days)
✅ Result:
• Net profit over the year = 6,170 - 1,000 = $5,170
• Profit rate = 517%
Can you imagine that just half a percent in Turkey has become 517%? No company or business in the world can reach this number 🥴😅