How does MonetaryUnit Profit Calculator Works?
This MonetaryUnit Profit Calculator uses a simple mathematical principal to calculate the ROI of MonetaryUnit. It fetches the historical MonetaryUnit price from the database and compares with current MonetaryUnit Price and calculate the profit or loss made on it.
It does this simple calculation get the amount MonetaryUnit you would have got by investing x$'s on that day ($x/price of MonetaryUnit). Now it calculates the current price of that amount in USD (current MonetaryUnit price * amount of MonetaryUnit 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_MUE_price = Price of MUE in past date;
$quantity_MUE = Quantity of MUE in past = $amount invested / $price_on_that_day;
$price_MUE = Current price of MUE;
$USD_today = ($price_MUE * $quantity_MUE) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of MonetaryUnit you can check it here: MonetaryUnit Price Prediction. This predictions are based on various algorithms applied on the historical price of the MonetaryUnit.
If you have any query regarding the above calculator you can comment it in comment box below.