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In the forum, it says ".0003 every hour. So if you had exactly 100,000$, you'd get 30$ every real hour".
This means the percent of interest every hour is .03%.
So, to get your amount of interest (every real hour), multiply the amount of money in your bank by .0003.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoif you want to find out your interest, multiply the amount you have in the bank by 0.003 that will give you how much you make every real hour on horseisle, then multiply that number by 24 if you want how much you make in a day :)
-LoveToDance, Dun server
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What is the interest rate for Horseisle and how do i figure out How much the money i have in the bank on Horseisle will grow in interest I have about 24 mil currently?
In the forum it says the interest rate is .0003 so times 24 mill by .0003 which is $7200 every real hour
What is nominal interest?
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
What does the nominal interest rate mean?
A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
What does nominal interest rates means?
A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.
How do you convert annual interest rate to monthly?
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What does effective interest rate mean?
An effective annual interest rate considers compounding. When the principle is compounded multiple times each year the interest rate increased to be more than the stated interest rate. The increased interest rate is the effective annual interest rate.
What is compounding rate?
Compounding rate is the interest rate at which the rate grow faster than the simple interest on deposit or loan made. It is also said "interest on interest".
What does representative mean with regard to interest rates?
A representative interest rate is an interest rate that is exemplary or acrhetypical rate.
What is a good interest rate on a 15 year mortgage?
Any interest rate below 5% is a favorable rate currently. This interest rate is a competitive rate.
