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Calculation of interest income
Principal
Annual interest rate (365) per cent
Days of deposit
Interest income
Calculate annualized rates of return
Principal
Days of deposit
Interest income
Annual interest rate (365) per cent

What's the annual rate?

The annual interest rate is the rate of deposit for one year. The interest rate is the short term “interest rate” and refers to the ratio of interest over a certain period to the deposit principal or loan principal.

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