Difference between revisions of "National Neopian Bank"

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(→‎Mundane Number Crunching: - Edited section name and reworked information.)
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==Mundane Number Crunching==
==Interest Goal Equations==
 
===Equations===
''In the following equations, '''x''' corresponds to the quantity of NeoPoints (NP) in a bank account, '''y''' is NP per day in interest, and '''z''' is interest rate, converted to a decimal.''
 
*To find Interest rate:  ''y / ( x / 365 )''
*To find NeoPoints per day in interest: ''( x * z ) / 365''
*To find the quantity of NP required for a certain amount of interest per day at a certain percentage rate: ''( y * 365 ) / z''
 
This third equation has been used to create the following table which can be used by multiplying the interest a user wants to earn in a day ''(I)'' by the number in the first column that corresponds to their interest rate (APR). e.g.:
 
''A user wants to make 1000 NeoPoints per day in interest with an 11% APR: 3319 * 1000 = 3,319,000 NP''
 
To make 1 million NP per day a user would need almost 2,920,000,000 NP at 12.5% APR.
 
===Chart===
{|border=1
{|border=1
|-style="background:blue"
|-style="background:blue"
!Amount of NP for 1 NP per day !! Interest Rate(per year)
!1 NP per day interest !! APR
|-
|-
|8112 || 4.5%
|8112 || 4.5%
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*If you want to know how much NP approximately you will need in your bank for X amount of NP per day multiply the number in the table that corresponds to your interest rate by X
*NOTE: Figures in table above are rounded up, for exacting precision use the third equation above, also note that the bank rounds up (for the purpose of giving NP in interest).
*x is the amount of NP in your bank
*y is the amount of NP per day
*z is the interest rate (the number, if its 12% just input 12)
*y/(x/36500)=z
*(x/36500)*z=y
*(y/z)*36500=x
*36500 is the product of 100% and 365 days in a year, I can only wonder how they do it for leap years
*NOTE: Figures in table above are rounded up, for exacting precision use the formula, also note that the bank rounds up (for the purpose of giving NP in interest)
*If by luck you should ever have 2,920,000,000 NP (two billion nine hundred and twenty million NP) you will be making 1,000,000 NP (one million NP) per day in interest as long as your collection rate is 12.5% (Thats a stat increasing [http://idb.finalhit.org/index.php?searchtype=idb_post&weap_id=410 negg] each day!), your NP interest collection would increase by approximately 342 NP each time you collected interest and didn't withdraw anything


==Collecting Interest==
==Collecting Interest==

Revision as of 13:42, 21 September 2007

Jubjub red sad.gif This page is under construction
More data needed and better organization
bankmanager.gif

The National Neopian Bank is the center of all commerce within all Neopia. Residing within Neopia Central, all Neopets and users keep their Neopoints safely placed within this bank's secure storage safes. Users who have a certain number of NP placed within their walls have a special interest rate they can place on their stored money, netting them a yearly interest.

Originally, the National Neopian worked like a real bank, and users could take out loans at March 21, 2000. Accounts began to be debited on March 23, 2000, taking an amount of NP each day. On May 20, 2000, this feature was taken away and never came back because too many users were abusing the system.

Interest Rates

Account Name Minimum Amount
of NP		 Interest Rate
(per year)
Junior Saver 0 NP 4.5 %
Neopian Student 1,000 NP 5.5 %
Bronze Saver 2,500 NP 6.0 %
Silver Saver 5,000 NP 6.5 %
Super Gold Plus 10,000 NP 7.0 %
Platinum Extra 25,000 NP 7.5 %
Double Platinum 50,000 NP 8.0 %
Triple Platinum 75,000 NP 8.5 %
Diamond Deposit 100,000 NP 9.0 %
Diamond Deposit Plus 250,000 NP 9.5 %
Diamond Deposit Gold 500,000 NP 10.0 %
Millionaire Platinum 1,000,000 NP 10.5 %
Millionaire Double Platinum 2,000,000 NP 11.0 %
Millionaire Mega-Platinum 5,000,000 NP 11.5 %
Neopian Mega-Riches 7,500,000 NP 12.0 %
Ultimate Riches! 10,000,000 NP 12.5 %

Interest Goal Equations

Equations

In the following equations, x corresponds to the quantity of NeoPoints (NP) in a bank account, y is NP per day in interest, and z is interest rate, converted to a decimal.

  • To find Interest rate: y / ( x / 365 )
  • To find NeoPoints per day in interest: ( x * z ) / 365
  • To find the quantity of NP required for a certain amount of interest per day at a certain percentage rate: ( y * 365 ) / z

This third equation has been used to create the following table which can be used by multiplying the interest a user wants to earn in a day (I) by the number in the first column that corresponds to their interest rate (APR). e.g.:

A user wants to make 1000 NeoPoints per day in interest with an 11% APR: 3319 * 1000 = 3,319,000 NP

To make 1 million NP per day a user would need almost 2,920,000,000 NP at 12.5% APR.

Chart

1 NP per day interest APR
8112 4.5%
6637 5.5%
6084 6%
5616 6.5%
5215 7%
4867 7.5%
4563 8%
4295 8.5%
4056 9%
3843 9.5%
3650 10%
3477 10.5%
3319 11%
3174 11.5%
3042 12%
2920 12.5%
  • NOTE: Figures in table above are rounded up, for exacting precision use the third equation above, also note that the bank rounds up (for the purpose of giving NP in interest).

Collecting Interest

The interest is calculated as a daily distribution, rounded up. However, you have to collect your daily interest manually. To do this, visit the bank everyday. Before you make any transactions, find the "collect interest" button and click on it. If you do any transaction (deposit or withdraw) before you collect your interest, you will give up your interest of that day.

Safety Deposit Box

Added February 29, 2000, the safety deposit box (SDB for short) is a free service provided with an account at the National Neopian. It can store as many items as a user wants. Any items kept in the safety deposit box are safe from the Pant Devil, Sludging etc. It also means users can carry more items by placing items from their inventory into the SDB. Users access the Safety Deposit Box by clicking on the "Shops" task bar button and then on the "safe" image in the toolbar.

Related Avatars

  • Storing 1000 different items in your safety deposit box gives you the Pack Rat Avatar.

See Also

External links

Retrieved from "https://pinkpt.com//neodex/index.php?title=National_Neopian_Bank&oldid=20071"