Is there a formula or equation I can use to easily convert APY to APR for digital assets?

3 answers

• Dec 26, 2021 · 3 years ago
  Yes, there is a formula you can use to convert APY to APR for digital assets. The formula is: APR = (1 + APY)^(365/t) - 1, where APY is the Annual Percentage Yield and t is the number of days in the year. This formula takes into account the compounding effect of the APY and gives you the equivalent APR for your digital assets.
  328164
• Dec 26, 2021 · 3 years ago
  Converting APY to APR for digital assets can be done using the formula: APR = (1 + APY)^(365/t) - 1. This formula considers the compounding effect of the APY and provides the APR value. Just plug in the values of APY and the number of days in the year (t) to get the result.
  27492
• Dec 26, 2021 · 3 years ago
  Sure, you can easily convert APY to APR for digital assets using the formula: APR = (1 + APY)^(365/t) - 1. This formula accounts for the compounding effect and gives you the equivalent APR value. So, next time you need to convert APY to APR, just use this formula and you're good to go!
  28672