How this Daily 1% Profit Calculator Works?
This calculator helps you understand the profitability of an investment that grows at a daily rate of 1%. Simply input the initial investment and the number of days, and calculate your total profit and final amount.
Steps to use the calculator:
- Enter the Initial Investment: Input the initial amount you invested.
- Enter the Number of Days: Input the total number of days the investment will grow.
- Calculate: Click the "Calculate Profit" button to determine your total profit, final amount, and daily profit percentage.
Calculation Formula:
Final Amount = Initial Investment × (1 + 0.01)^Number of Days
Total Profit = Final Amount - Initial Investment
The daily profit percentage is fixed at 1%.
Once calculated, the total profit, final amount, and daily profit percentage will be displayed, providing a clear understanding of your investment's growth.