This is the method I followed at the beginning of the journey, a very smart method but it requires patience and daily follow-up, thank you for sharing 👍

If a person has 1000$ and every day I make only one transaction at a profit rate of only 0.5%, what will be the profit percentage and the total amount after a year?
✅ Data:
•Capital = 1000$
•Daily profit rate = 0.5% = 0.005
•Number of days in a year (considering 365 days)
✅ Equation:
We use the compound interest formula:
\text{Final Amount} = P \times (1 + r)^n
Where:
•P = 1000 (Capital)
•r = 0.005 (Daily rate)
•n = 365 (Number of days)
✅ Result:
•Net profit over a year = 6170 - 1000 = 5170 dollars
•Profit percentage = 517%
Can you imagine that just half a percent compounded has become 517%? Not even the largest company in the world or business reaches this figure 🥴😅
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