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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?
asked 58.3k views
23 votes
If the annual interest rate is 18.240%, what is the daily interest rate?

asked
User Dkellygb
by
7.7k points

1 Answer

3 votes

Answer:

≈0.0499% with 365 days

Explanation:

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

answered
User Thaw De Zin
by
8.4k points
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