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Nairaland Forum / Nairaland / General / Politics / Mathematical Proof Of How Your Money Lose Value With Cyber Levy (1020 Views)
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Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:08am On May 09 |
This is how your money will lose value after many transfers until it becomes 0 naira. With the cyber crime levy of 0.5%, N10,000,000 will be reduced to N8m after 42 transactions. It will be reduced to 5m after 108 transfers and further reduced to N2.6m after 156 transfers. Mathematically, this reduction will continue until the initial N10m becomes 0 naira. It doesn't matter the amount used for this analysis, the result will always be zero naira at the end. Initial amount 10,000,000 1. 10,000,000 - 0.5% = 9,950,000 2. 9,950,000 - 0.5% = 9,900,250 3. 9,900,250 - 0.5% = 9,850,737.50 4. 9,850,737.50 - 0.5% = 9,801,345.13 5. 9,801,345.13 - 0.5% = 9,752,073.14 6. 9,752,073.14 - 0.5% = 9,702,921.29 7. 9,702,921.29 - 0.5% = 9,653,890.56 8. 9,653,890.56 - 0.5% = 9,604,981.93 9. 9,604,981.93 - 0.5% = 9,556,194.41 10. 9,556,194.41 - 0.5% = 9,507,528.93 11. 9,507,528.93 - 0.5% = 9,458,983.55 12. 9,458,983.55 - 0.5% = 9,410,559.24 13. 9,410,559.24 - 0.5% = 9,362,256.98 14. 9,362,256.98 - 0.5% = 9,314,076.75 15. 9,314,076.75 - 0.5% = 9,265,998.53 16. 9,265,998.53 - 0.5% = 9,217,932.33 17. 9,217,932.33 - 0.5% = 9,169,966.14 18. 9,169,966.14 - 0.5% = 9,122,099.94 19. 9,122,099.94 - 0.5% = 9,074,333.75 20. 9,074,333.75 - 0.5% = 9,026,667.55 21. 9,026,667.55 - 0.5% = 8,979,091.35 22. 8,979,091.35 - 0.5% = 8,931,605.15 23. 8,931,605.15 - 0.5% = 8,884,199.95 24. 8,884,199.95 - 0.5% = 8,836,874.75 25. 8,836,874.75 - 0.5% = 8,789,629.55 26. 8,789,629.55 - 0.5% = 8,742,454.35 27. 8,742,454.35 - 0.5% = 8,695,349.15 28. 8,695,349.15 - 0.5% = 8,648,313.95 29. 8,648,313.95 - 0.5% = 8,601,349.75 30. 8,601,349.75 - 0.5% = 8,554,455.55 31. 8,554,455.55 - 0.5% = 8,507,631.35 32. 8,507,631.35 - 0.5% = 8,460,877.15 33. 8,460,877.15 - 0.5% = 8,414,192.95 34. 8,414,192.95 - 0.5% = 8,367,578.75 35. 8,367,578.75 - 0.5% = 8,321,034.55 36. 8,321,034.55 - 0.5% = 8,274,559.35 37. 8,274,559.35 - 0.5% = 8,228,153.15 38. 8,228,153.15 - 0.5% = 8,181,816.95 39. 8,181,816.95 - 0.5% = 8,135,549.75 40. 8,135,549.75 - 0.5% = 8,089,351.55 41. 8,089,351.55 - 0.5% = 8,043,221.35 42. 8,043,221.35 - 0.5% = 7,997,159.15 43. 7,997,159.15 - 0.5% = 7,951,163.95 44. 7,951,163.95 - 0.5% = 7,905,234.75 45. 7,905,234.75 - 0.5% = 7,859,369.55 46. 7,859,369.55 - 0.5% = 7,813,566.35 47. 7,813,566.35 - 0.5% = 7,767,823.15 48. 7,767,823.15 - 0.5% = 7,722,137.95 49. 7,722,137.95 - 0.5% = 7,676,508.75 50. 7,676,508.75 - 0.5% = 7,630,933.55 51. 7,630,933.55 - 0.5% = 7,585,410.35 52. 7,585,410.35 - 0.5% = 7,539,935.15 53. 7,539,935.15 - 0.5% = 7,494,504.95 54. 7,494,504.95 - 0.5% = 7,449,117.75 55. 7,449,117.75 - 0.5% = 7,403,770.55 56. 7,403,770.55 - 0.5% = 7,358,461.35 57. 7,358,461.35 - 0.5% = 7,313,187.15 58. 7,313,187.15 - 0.5% = 7,267,947.95 59. 7,267,947.95 - 0.5% = 7,222,739.75 60. 7,222,739.75 - 0.5% = 7,177,559.55 61. 7,177,559.55 - 0.5% = 7,132,403.35 62. 7,132,403.35 - 0.5% = 7,087,275.15 63. 7,087,275.15 - 0.5% = 7,042,169.95 64. 7,042,169.95 - 0.5% = 6,997,082.75 65. 6,997,082.75 - 0.5% = 6,952,009.55 66. 6,952,009.55 - 0.5% = 6,906,944.35 67. 6,906,944.35 - 0.5% = 6,861,883.15 68. 6,861,883.15 - 0.5% = 6,816,823.95 69. 6,816,823.95 - 0.5% = 6,771,763.75 70. 6,771,763.75 - 0.5% = 6,726,699.55 71. 6,726,699.55 - 0.5% = 6,681,629.35 72. 6,681,629.35 - 0.5% = 6,636,551.15 73. 6,636,551.15 - 0.5% = 6,591,463.95 74. 6,591,463.95 - 0.5% = 6,546,364.75 75. 6,546,364.75 - 0.5% = 6,501,251.55 76. 6,501,251.55 - 0.5% = 6,456,122.35 77. 6,456,122.35 - 0.5% = 6,410,973.15 78. 6,410,973.15 - 0.5% = 6,365,802.95 79. 6,365,802.95 - 0.5% = 6,320,611.75 80. 6,320,611.75 - 0.5% = 6,275,397.55 81. 6,275,397.55 - 0.5% = 6,230,157.35 82. 6,230,157.35 - 0.5% = 6,184,889.15 83. 6,184,889.15 - 0.5% = 6,139,591.95 84. 6,139,591.95 - 0.5% = 6,094,263.75 85. 6,094,263.75 - 0.5% = 6,048,903.55 86. 6,048,903.55 - 0.5% = 6,003,509.35 87. 6,003,509.35 - 0.5% = 5,958,079.15 88. 5,958,079.15 - 0.5% = 5,912,611.95 89. 5,912,611.95 - 0.5% = 5,867,104.75 90. 5,867,104.75 - 0.5% = 5,821,555.55 91. 5,821,555.55 - 0.5% = 5,775,960.35 92. 5,775,960.35 - 0.5% = 5,730,317.15 93. 5,730,317.15 - 0.5% = 5,684,623.95 94. 5,684,623.95 - 0.5% = 5,638,880.75 95. 5,638,880.75 - 0.5% = 5,593,083.55 96. 5,593,083.55 - 0.5% = 5,547,233.35 97. 5,547,233.35 - 0.5% = 5,501,326.15 98. 5,501,326.15 - 0.5% = 5,455,359.95 99. 5,455,359.95 - 0.5% = 5,409,333.75 100. 5,409,333.75 - 0.5% = 5,363,244.55 101. 5,363,244.55 - 0.5% = 5,317,091.35 102. 5,317,091.35 - 0.5% = 5,270,871.15 103. 5,270,871.15 - 0.5% = 5,224,583.95 104. 5,224,583.95 - 0.5% = 5,178,225.75 104. 5,178,225.75 - 0.5% = 5,131,793.55 106. 5,131,793.55 - 0.5% = 5,085,285.35 107. 5,085,285.35 - 0.5% = 5,038,697.15 108. 5,038,697.15 - 0.5% = 4,991,926.95 109. 4,991,926.95 - 0.5% = 4,945,073.75 110. 4,945,073.75 - 0.5% = 4,898,134.55 111. 4,898,134.55 - 0.5% = 4,851,107.35 112. 4,851,107.35 - 0.5% = 4,803,989.15 113. 4,803,989.15 - 0.5% = 4,756,779.95 114. 4,756,779.95 - 0.5% = 4,709,476.75 115. 4,709,476.75 - 0.5% = 4,662,077.55 116. 4,662,077.55 - 0.5% = 4,614,578.35 117. 4,614,578.35 - 0.5% = 4,566,973.15 118. 4,566,973.15 - 0.5% = 4,519,266.95 119. 4,519,266.95 - 0.5% = 4,471,454.75 120. 4,471,454.75 - 0.5% = 4,423,534.55 121. 4,423,534.55 - 0.5% = 4,375,494.35 122. 4,375,494.35 - 0.5% = 4,327,334.15 123. 4,327,334.15 - 0.5% = 4,279,051.95 124. 4,279,051.95 - 0.5% = 4,230,646.75 125. 4,230,646.75 - 0.5% = 4,182,116.55 126. 4,182,116.55 - 0.5% = 4,133,459.35 127. 4,133,459.35 - 0.5% = 4,084,673.15 128. 4,084,673.15 - 0.5% = 4,035,756.95 129. 4,035,756.95 - 0.5% = 3,986,707.75 130. 3,986,707.75 - 0.5% = 3,937,523.55 131. 3,937,523.55 - 0.5% = 3,888,201.35 132. 3,888,201.35 - 0.5% = 3,838,739.15 133. 3,838,739.15 - 0.5% = 3,789,134.95 134. 3,789,134.95 - 0.5% = 3,739,386.75 135. 3,739,386.75 - 0.5% = 3,689,491.55 136. 3,689,491.55 - 0.5% = 3,639,446.35 137. 3,639,446.35 - 0.5% = 3,589,247.15 138. 3,589,247.15 - 0.5% = 3,538,892.95 139. 3,538,892.95 - 0.5% = 3,488,381.75 140. 3,488,381.75 - 0.5% = 3,437,701.55 141. 3,437,701.55 - 0.5% = 3,386,849.35 142. 3,386,849.35 - 0.5% = 3,335,823.15 143. 3,335,823.15 - 0.5% = 3,284,618.95 144. 3,284,618.95 - 0.5% = 3,233,233.75 145. 3,233,233.75 - 0.5% = 3,181,664.55 146. 3,181,664.55 - 0.5% = 3,129,907.35 147. 3,129,907.35 - 0.5% = 3,077,959.15 148. 3,077,959.15 - 0.5% = 3,025,815.95 149. 3,025,815.95 - 0.5% = 2,973,473.75 150. 2,973,473.75 - 0.5% = 2,920,927.55 151. 2,920,927.55 - 0.5% = 2,868,173.35 152. 2,868,173.35 - 0.5% = 2,815,207.15 153. 2,815,207.15 - 0.5% = 2,762,023.95 154. 2,762,023.95 - 0.5% = 2,708,617.75 155. 2,708,617.75 - 0.5% = 2,655,983.55 156. 2,655,983.55 - 0.5% = 2,603,123.35 3 Likes 2 Shares |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by helinues: 9:10am On May 09 |
Una go explain tired |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:11am On May 09 |
If this is not evil I wonder what else is 8 Likes |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by ruggedboych: 9:12am On May 09 |
helinues: of course you go support this evil policy because you no get shi shi talk more of transferring money 16 Likes 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by helinues: 9:15am On May 09 |
ruggedboych: This government no dey favour una again IJN? Cos it dey favour us oo, any tax , we shall pay 2 Likes 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by BabbanBura(m): 9:16am On May 09 |
I thought the 0.5% charge is on the transferred amount and not on the remaining amount (balance)? 1 Like 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:17am On May 09 |
helinues:We go continue to explain until we build a Nigeria where the aim of government policies is not to make Nigerians poorer 9 Likes |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:18am On May 09 |
BabbanBura:The remaining amount still get charged when it's transferred 4 Likes 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by helinues: 9:18am On May 09 |
shortgun: The ones you explained before the election, what happened to them? Enter bush Is it not favouring you people again IJN? 1 Like 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Urheadmaster(m): 9:26am On May 09 |
Continue with the suffering and smiling π, una upcoming generation will be left to cater for themselves helinues: 5 Likes 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:26am On May 09 |
helinues:Nigeria is evolving and Nigerians are becoming increasingly interested in who governs them because they have come to realize that bad leadership as exhibited by the current administration affects everyone irrespective of where they come from or religion. It will be delusional for you to think you will continually profit from the people's ignorance indefinitely. 7 Likes 2 Shares |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by helinues: 9:27am On May 09 |
shortgun: Nigeria is not only involving but progressing too but some people remain stuck when Dem no be trees 1 Like 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by libertyfather(m): 9:28am On May 09 |
surprising thing is why is everyone quit? |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Ofunaofu: 9:44am On May 09 |
3 Likes 1 Share
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Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Malroux: 9:46am On May 09 |
helinues:24/7 things. |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 9:47am On May 09 |
libertyfather:Na person wey don chop dey get strength to protest or fight for him right Part of the plan is to keep people impoverished, they will be too engaged in looking for what to eat and won't have the time nor the strength to challenge their oppressors. 3 Likes 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by AfonjaConehead: 9:50am On May 09 |
helinues:E wo tu ni involving nahhh!!! Alaye it is evolving .... please, always endeavour to read books so you don't be exposed to ridicule,thanks... 5 Likes 2 Shares |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by greenermodels: 9:52am On May 09 |
Las las, na only break up go save Nigerians from Nigeria. Each yahoo government is worse than the previous one but na APC governments worse pass by a far margin. 1 Like 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by helinues: 9:52am On May 09 |
AfonjaConehead: Is that all what you could pick from my comments? I bet the progressing word is a bit challenging to you to comprehend Don't be petty 1 Like 1 Share |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by AfonjaConehead: 10:15am On May 09 |
helinues:Are you now in SIFIA pains cos I corrected your illiteracy? Instead of you to acknowledge and be grateful for me covering ya yansh,you are instead pompous... 4 Likes |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by BabbanBura(m): 10:33am On May 09 |
shortgun: Huh! This is evil!! Once people noticed this, they will stop banking their moneys with Nigerian banks. I won't! |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by TheGoodJoe(m): 11:00am On May 09 |
BabbanBura: This is how your money will lose value after many transfers until it becomes 0 naira. This is the first line of the post. Note MANY TRANSFERS. |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by AcadaWriter: 11:13am On May 09 |
If this is not evil I wonder what else is |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Hez143(m): 11:19am On May 09 |
which kind calculation be this you people sha |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by OfoIgbo: 11:29am On May 09 |
Ronu people and incompetence are like 5 and 6 1 Like |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Betanaija42moro: 11:39am On May 09 |
This people will finally destroy the economy |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by shortgun(m): 11:47am On May 09 |
Hez143:The calculation is simple and accurate |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by sirchim(m): 11:57am On May 09 |
helinues:HELL-LIE-ANUS at it again! Talk small true naπ€, haba dan Allah, ba ka dai gaskiya! 2 Likes |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by PARADIZEPRIEST: 12:55pm On May 09 |
Cyber criminals will bear this levy burden whether they like it or not |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by PARADIZEPRIEST: 12:56pm On May 09 |
Forget all these noise you people are making, cyber criminals will bear this levy burden whether they like it or not |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by Hez143(m): 1:52pm On May 09 |
shortgun:Nah, it's wrong and misleading |
Re: Mathematical Proof Of How Your Money Lose Value With Cyber Levy by CodeTemplar: 2:13pm On May 09 |
After 163 transfers, 10,000,000 is N2.7m. |
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