I don't know if I'm the first one
But I have officially deposited 10k koinz in my bank from winning Bingo's. And I think I have become a middle class kovazian.
You are carrying c319
Your bank account has c10000
7 votes, 25 points
Comments
Negged
what do banks do?
aries aries Bank allows you to invest your Koinz. you’ll gain 62.4% in a year of whatever you put in there. However it’s added to your balance weekly, so you’ll gain +1.2% of whatever Koinz are currently in your bank on Mondays. You can add to your bank balance any time, just not on weekends. Same thing with withdrawing Koinz so you can spend it in shops and stuff. Essentially storing Koinz on your regular balance doesn’t have any benefit other than keeping some for use, i recommend using the bank
PGamer can u do an example with this?? Your bank account has c10000 so jack_o is going to get paid 64,000 koinz next year??
aries you didn’t move the decimal over in your calculation. but he actually won’t gain 6,240 koinz, it will be more: he will actually gain 8,595 koinz by next year, if deposited 10,000 today and never added to the funds for a year. This is because it’s compounded weekly. (Not simply multiplied by 0.624 at one sum time which would yield a 6,240 koin gain) To explain it simply, just focus on it being a 1.2% weekly rate. Each Monday whatever balance you have is multiplied by 1.012. Meaning if Jack deposited 10,000 Koinz today, on Monday he will gain 120 Koinz, and see a balance of 10,120 in his bank. Example: Wk 1: 10,000 x 1.012 =10,120 Wk 2: 10,120 x 1.012 =10,242 Wk 3: 10,242 x 1.012 =10,365 . . . Wk 52: 18,374 x 1.012 =18,595 You can see how the amount earned grows over time. It is not linear. Mind you, you can also add more funds in at any point in time so the profit can be even more TLDR: You gain 1.2% koinz each week of whatever balance is currently in your bank Hope this makes it simple and helps :D
also 62.4% / 52 total weeks in a year = 1.2% is where that weekly rate comes from
wow can i have some
Oh Take all my money queen.
Time to gift me
from bingo? maybe robbie has done more but probably 2nd
Dakota I figured he was top 1