To calculate the annual interest as interest per day

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I'm curious about how to calculate the annual interest rate as interest per day. For example, how much is it per day if the interest rate is 5% per year?

5% per year is compounded, so the interest per day is compounded and adjusted to 5% per year?

4906 4 8 years ago

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pu1. If you calculate it like that, it's too complicated, so I'm simply using the isolation method, not the compounding method, as a unit. So it's 5% / 365 days = 0.0137%

2017-11-25

pu2. Thank you for letting me know

2017-11-25

pu3. That's a reasonable question lol Just simply calculate it as 5% / 365 days = 0.0137% as you said

2017-11-25

pu4. I see. Thank you

2017-11-25

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