The return here is higher than how I calculated the compound interest. I am a confused. Pls help and explain.
I used 0.04% to calculate but don’t understand the 16% or 17%
Fokona Latest Questions
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
The return here is higher than how I calculated the compound interest. I am a confused. Pls help and explain.
I used 0.04% to calculate but don’t understand the 16% or 17%
Imagine you are planting yam in your farm, Mama Ngozi. The yam you plant today is like the money you invest. When you plant yam, you hope to get a good harvest later. In the same way, when you invest money, you hope to get more money back in the future.Now, the return on investment is like the yieldRead more
Imagine you are planting yam in your farm, Mama Ngozi. The yam you plant today is like the money you invest. When you plant yam, you hope to get a good harvest later. In the same way, when you invest money, you hope to get more money back in the future.
Now, the return on investment is like the yield you get from your yam farm. It’s the extra yams you get after planting your yams. If you use 0.04% to calculate how many extra yams you’ll get, but you end up getting 16% or 17%, that’s a lot more yams than you expected, right?
So, in simple terms, the return you are getting on your investment is much higher than what you initially calculated using 0.04%. Instead, you are getting a much larger return of 16% or 17%. This means your investment is doing better than you thought, and you are making more profit than you anticipated.
Don’t worry if it sounds a bit confusing at first. Just remember, the higher the return on your investment, the better for you. It’s like planting yams and getting a bumper harvest unexpectedly. Just like in farming, a good return on your investment means your money is growing well. Keep learning and exploring, Mama Ngozi!
See lessNow this is how it works, when u invest your money on anything u will like to get a return like a profit from that investment right? So now when u invest your money as an investor in fokona , definitely that money will yield an interest for u.
Now this is how it works, when u invest your money on anything u will like to get a return like a profit from that investment right?
So now when u invest your money as an investor in fokona , definitely that money will yield an interest for u.
See lessIt means your investment is doing great boss. You are having more return than what should be expected
It means your investment is doing great boss. You are having more return than what should be expected
See less