Birdwatch Archive

Birdwatch Note Rating

2024-05-06 03:40:46 UTC - HELPFUL

Rated by Participant: A80307F50207077798664E7D813F62BE410DBB021B0C6F97EE8888407F0AC1E3
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Original Note:

This is not true. Assuming a month has 30 days, you will end up with $50 * (1.05 ^ 30) ~= $216.10 . https://www.thecalculatorsite.com/finance/calculators/daily-compound-interest.php Enter principal amount = 50, intetest rate = 5 % daily, days = 30.

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