How would I calculate daily compounding interest on a yearly base?
A crypto program takes a total investment and returns a 1% daily interest rate.
So if I invest $1000, after 24 hours my investment remains $1000 and my interest is $10, but that $10 is then compounded to the $1000. So the next day the 1% interest would be out of the $1010. Every day the interest is added to the total, increasing the percentage rate of my income. After 365 days, without adding any additional funds, what would my investment total be?