Alright. I found a compounded interest calculator, and I found out what the years were for one complete cycle in BNT. The closest I can get (or I feel like getting) is 3.0563 years with an interest rate of .03 (Obviously) Oh, and don't use commas in the "principal" box. http://math.about.com/library/blcompoundinterest.htm
yeah, but it doesn't have the length of time from how much one cycle is in BNT to a year IRL...or does it?
I'm generally pretty good with deciphering text requests and translating them into technical requirements--it's a large part of what I do for a living. But even I do not have a #$&@! clue what you're talking about here, Foil!
I think it's compounded 3 times per cycle, since each cycle is 6 minutes and interest is compounded every 2 minutes. I tried to predict what my interest would be several times last game, but the formula for compounded interest requires the time to be in years, and 2 minutes is like 3.80265176 × 10^-6 years. Or maybe I did it wrong, I dunno.
that's basically what I was saying! It had no years, so I figured it out roughly and it's 3.0563 years
The only reason that the compound interest calculator asks for years is because that is how the interest rate is defined (for examply 5% per annum) The settings screen isn't clear to me if planetary interest occurs every 2 turns or every six turns, either way though it means that you just have to put X/2 or X/6 as the number of years in the compound interest calculator.
So the equation you have is. P(1+r)^t Where P is principal, r is interest rate, and t is the number of executions. So if you wanted to get the interest for a day (720 turns) on a planet for 1 million credits, the equation would be. 1,000,000 * (1+0.0003) ^ 720 = 1,241,062 credits So the amount on a planet using that formula, will double in 3 days, 5 hours, 2 minutes.
It was changed from .05 to .03 for this round (IGB also got halved) because it's Blacknova Traders, not Blacknova Interest Gatherers.
No, the bank got lowered to .015 If you click on settings in the left bar it will show you what everything is set to.
I like the lower interest. It puts more emphasis on trading, planet building, and/or raiding, rather than just loading credits into IGB or a single massively-defended planet and then sitting back and waiting.
