🔹 What is the APR on Binance and how does it affect your investments? 🔹
If you've ever seen the term APR in Binance Earn or in investment products, let me explain it simply.
💡 APR (Annual Percentage Rate) = Annual Percentage Rate
It is the estimated return you can earn in a year on your investment, not including the effect of compound interest.
📌 Quick example:
If you invest $100 in a product with an APR of 10%, after one year you would earn $10 in interest. But if you reinvest the interest (compound interest), your actual gain would be higher.
🔍 Difference between APR and APY
• APR: Does not include compound interest.
• APY: Includes compound interest, which can increase long-term earnings.
✅ Use the APR to compare investment opportunities and maximize your returns.
💬 Do you have questions about how to take advantage of the APR on Binance? Leave them in the comments!
