Carebit Profit Calculator or you can say Carebit ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in Carebit (CARE) in past. This helps you measure the return on investment (ROI) of Carebit (CARE) .
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This Carebit Profit Calculator uses a simple mathematical principal to calculate the ROI of Carebit. It fetches the historical Carebit price from the database and compares with current Carebit Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Carebit you would have got by investing x$'s on that day ($x/price of Carebit). Now it calculates the current price of that amount in USD (current Carebit price * amount of Carebit purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_CARE_price = Price of CARE in past date;
$quantity_CARE = Quantity of CARE in past = $amount invested / $price_on_that_day;
$price_CARE = Current price of CARE;
$USD_today = ($price_CARE * $quantity_CARE) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Carebit you can check it here: Carebit Price Prediction. This predictions are based on various algorithms applied on the historical price of the Carebit.
If you have any query regarding the above calculator you can comment it in comment box below.
