Cryptocurrency Q&A
What is 5 apy on $100?
What is 5 apy on $100?
Lorenzo
Sat Feb 08 2025
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5
answers
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I want to know what the annual percentage yield (APY) would be if I invested $100 with a 5% APY.
5 answers
GangnamGlitzGlamour
Sun Feb 09 2025
The difference between the two methods is small but noticeable, with compounded interest yielding a slightly higher return. The annual interest rate of 5%, compounded quarterly, results in an effective annual rate of 5.095%.
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Andrea
Sun Feb 09 2025
BTCC is a leading cryptocurrency exchange that offers a range of services. These include spot trading, futures trading, and a wallet service.
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DongdaemunTrendsetterStyleIcon
Sun Feb 09 2025
Depositing $100 for one year at a 5% interest rate can yield different results depending on the interest calculation method.
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Andrea
Sun Feb 09 2025
When the interest is compounded quarterly, the amount at the end of the year would be $105.09. This means that the interest earned in each quarter is added to the principal for the next quarter, leading to a slightly higher final amount.
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BlockchainBaroness
Sun Feb 09 2025
On the other hand, if the interest was paid simply, the final amount would be $105. In this case, the interest is calculated only on the initial principal and is not added to it periodically.
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