If someone starts with $1,000 and makes just one trade each day at a modest profit of 0.5%, what would be the total profit percentage and final amount after a year?
✅ Data:
• Initial Capital = $1,000
• Daily Profit Rate = 0.5% = 0.005
• Days in a Year = 365
✅ Calculation:
Using the compound interest formula:
Final Amount = P × (1 + r)^n
Where:
• P = $1,000
• r = 0.005
• n = 365
✅ Results:
• Total profit after a year = $6,170 - $1,000 = $5,170
• Profit Percentage = 517%
Can you believe that just half a percent compounded daily can grow to a 517% increase? Even the biggest companies in the world don't see such growth! 🥴😅