Business & Finance

Business and Finance Info

Difference Between a Meme Coin and a Real Coin

By KhalilR on September 24, 2023
Category(s)
Business and Finance
Topic(s)
Cryptocurrency
Meme Coins
Real Coin
Meme Coin

The are a lot of cryptocurrencies available today but not all have real utility. The major differences between meme coins and real coins are:

1. Meme coins are either coins or tokens that get promoted mainly because of their marketing or by social media hype and born out of internet culture.

2. Meme Coins have no real utility or use case but real coins have real-world use cases and utilities.

3. Meme Coin prices are extremely volatile and may lose all their value in a single day, while real coins have relatively stable prices.

How to Calculate Simple Interest on Investments

By SamK on September 11, 2023
Category(s)
Business and Finance
Topic(s)
Investments
Calculate Simple Interest on Investments

Simple interest is the interest which is earned on the original investment (the principal amount) for a specific number of years. Here are a few methods to calculate simple interest.

Method 1

Suppose the annual interest rate is 6% (0.06) on a $1000 investment for 3 years. Then

Interest for each year: $1000 x 0.06 = $60

Interest for 3 years: $60 x 3 = $180

Total amount after 3 years: $1180

Method 2

How to Calculate Compound Interest on Investments

By SamK on September 11, 2023
Category(s)
Business and Finance
Topic(s)
Investments

Compound interest is the interest which is earned both on the original investment (the principal amount) and the total interest accumulated so far. Here are a few methods to calculate compound interest.

Method 1

This method is suitable for interests which are compounding annually or whose duration is just a few years. Suppose the annual compound interest rate is 7% (0.07) on a $1000 investment for 3 years. Then