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RE: I received an interest of $1.196 HBD for 2021 November - I currently have nearly $300 HBD in savings (2021.11.29)

in LeoFinance3 years ago

i have 43 hbd i transfer that to save how much i can earn with 43 or its daily or monthly weekly or yearly ? I dont understanding it please guide

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The interest you get is monthly, but it is calculated annually/yearly. The current interest rate is 10% APR (Annual Percentage Rate). This means that you get $4.30 HBD annually/yearly for having $43 HBD in savings. Of course this does not count the compound interest, nor further HBD deposits into savings.

Im week in math thanks but what i will get monthly for having 43hbd :P

Just divide the $4.30 HBD by 12, because there are 12 months in a year. You will get $0.358 HBD monthly.

Wow it's really simple I'm so lazy to do calculation thanks mate😅😅😃

Do you mean about $0.358 worth of HBD monthly as interest? I strongly assume that you divided $4.300 by 10 instead of 12. I skimmed through the comments section of your posts, only to stop when I sensed some Math.

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I strongly assume that you divided $4.300 by 10 instead of 12.

Yes. This is correct. Thank you for the correction. I fixed my comment above. This is the sign that I am tired.

I want to recommend that you take a rest (or sleep when necessary) whenever you are tired (like what I often say to @mehmetfix whenever I see obvious mistakes on his comments and posts). Most Hive users comment on posts and other comments with the assumption that the author replied on will reply the next time they go back online in good condition.

I give you some !LUV.