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Forum Main>>Questions>> Whats the bank formula?
AAW

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Thread created on Sat Oct 12, 2013 10:47:56
Last replied to on Sat Oct 12, 2013 23:59:44
does anyone know what the bank formula is??

like how to find the interest rate??

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oilslick

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Posted on Sat Oct 12, 2013 13:01:22
Interest rates fluctuate over time but Roughly 60+% ARR depending on the following:

1. Merits allocated to interest
2. Stock benefits BB for TCB



Last Edited: Sat Oct 12, 2013 13:04:24
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AAW

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Posted on Sat Oct 12, 2013 17:48:09
By oilslick [1656429]
Interest rates fluctuate over time but Roughly 60+% ARR depending on the following:

1. Merits allocated to interest
2. Stock benefits BB for TCB



im pretty sure i said whats the formula

like Money*5.34%=endmoney, whats the actual formula

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bogie

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Posted on Sat Oct 12, 2013 17:52:43
What do you mean by formula? You can see the percentage interest you get on your investment clear as day on the banking page already... What more is there to know with it?

If it says I get 1% for a weekly investment then I get 1% of whatever amount I invest... simple as... If I invest $100 for a week on 1% interest at the end of that week I'll have $101 (1% of 100 = 1. 100+1 = 101)

A single merit will increase your base rate by 10% of what it already is (So for example, let's say that base rate is 1%, you get +10% of that (0.1%) added with the merit). TCB stock benefit does the same.

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AAW

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Posted on Sat Oct 12, 2013 22:11:19
-.- im going to make a Bank Interest calculator, i need to know the sum to calculate it :/

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bogie

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Posted on Sat Oct 12, 2013 23:05:06
Well then I have absolutely no clue what the heck you are asking You've been given basically every piece of information related to the banking numbers... What else is missing?

Or are you wanting someone else to make this calculator for you first?

Last Edited: Sat Oct 12, 2013 23:05:51
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cyberdude

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Posted on Sat Oct 12, 2013 23:26:12
y = x * i

y is result
x is amount in
i = interest rate

the interest fluctuates (differs from week to week) as oilslick says. So there is no "specific" interest rate.

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manik

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Posted on Sat Oct 12, 2013 23:59:44
There are plenty threads posted. I've posted quite a few replies myself.

Use the search facility.



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