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

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

User Dkellygb
by
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1 Answer

3 votes

Answer:

≈0.0499% with 365 days

Explanation:

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

User Thaw De Zin
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