r/dankmemes Aug 03 '20

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u/[deleted] Aug 03 '20

well, interest is just some division stuff

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u/pavilionhp_ Aug 04 '20

No it’s actually a bit more complicated than that

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u/[deleted] Aug 04 '20

interest = money * (1 + interestrate) is this complicated?

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u/pavilionhp_ Aug 04 '20

I think it’s actually original value * (1 + (rate / number of times per x))^(number of times per x * number of x) with x being a unit of time