If the annual interest rate is 18.240%, what is the daily interest rate?

asked May 20, 2023 58.3k views

23 votes

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3 votes

Answer:

≈0.0499% with 365 days

Explanation:

18.240 / 365 = 0.04997260 (and so on..)

Thaw De Zin answered May 26, 2023

4.5k points

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