Question

What is the daily rate for a 20% ROI?

Answer 1

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.