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APY Calculation

Compounding interest is one of the most flexible and powerful principles to gain massive profit

What Is the Annual Percentage Yield (APY)?

The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.

HYSS protocol provides a compound staking mechanism using HYSS tokens as your principal. The power of compound interest makes your balance increase rapidly by applying compound interest of 0.02431%/15 minutes. If you started with a balance of 1,000 HYSS, after a year, your balance will have grown to 4,999,779 HYSS.

The Compound Interest Formula

This calculator uses the compound interest formula to find principal plus interest.

In the formula

Β· A = Accrued amount (principal + interest)

Β· P = Principal amount

Β· r = Annual nominal interest rate as a decimal

Β· R = Annual nominal interest rate as a percent

Β· r = R/100

Β· n = number of compounding periods per unit of time β **35,040 times/year****.**

Β· t = time in decimal years;

Β· I = Interest amount

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What Is the Annual Percentage Yield (APY)?

The Compound Interest Formula