In the image below, it says, it's increasing 0.204cUSD a day. But this is a 1cUSD loan. This is the equivalent of 20% interest per day, but the actual interest is 0.2% per day. Possibly, the calculation being done is loan amount * daily interest, but the correct would be loan amount * (daily interest / 100)
In the image below, it says, it's increasing 0.204cUSD a day. But this is a 1cUSD loan. This is the equivalent of 20% interest per day, but the actual interest is 0.2% per day. Possibly, the calculation being done is
loan amount * daily interest, but the correct would beloan amount * (daily interest / 100)