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COMPOUND INTEREST

nicoll123@bbs profile image
Jun 4, 2022

COMPOUND INTEREST  ACCELERATES THE GROWTH OF YOUR INTERESTS AND SAVINGS OVER TIME 

What Is Compound Interest?

With compound interest, you’re not just earning interest on your principal balance. Even your interest earns interest. Compound interest is when you add the earned interest back into your principal balance, which then earns you even more interest, compounding your returns.

Let’s say you have $1,000 in a savings account that earns 5% in annual interest. In year one, you’d earn $50, giving you a new balance of $1,050. In year two, you would earn 5% on the larger balance of $1,050, which is $52.50—giving you a new balance of $1,102.50 at the end of year two.

You could also apply this to BBS with the staking rewards and re-stake your rewards each quater  

Are you making the most of your current investments? 

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