Interest rate is set by lenders. The interest amount is updated every 4 hours (4 hours/1 term). This is the compound interest & the formula is as follows:

**Example:**

*Borrowing 1000 USDT ->***P=1000***The interest rate is***12.04%/year***4-hour Interest rate is (0.1204/365/24)*4 = 0.000055 ->***R= 0.0055%***Borrowing for 6 terms ->***T= 6**

*So the interest amount is:*

## Comments

0 comments

Please sign in to leave a comment.