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20 votes
20 votes
What is the daily rate for a 20% ROI?

User Achayan
by
2.6k points

1 Answer

17 votes
17 votes

ANSWER

0.055 %

Step-by-step explanation

ROI means Return on Investment and it is a percentage that describes the yearly returns on a particular amount of money invested.

To find the daily rate, we simply have to divide the ROI by the number of days in a year (365).

That is:


\begin{gathered} (20)/(365) \\ =\text{ }0.055\text{ \%} \end{gathered}

That is the daily rate.

User Moreno
by
2.5k points