The annual interest rate refers to the deposit rate for one year. The so-called interest rate is short for "interest rate", which refers to the ratio of the amount of interest to the principal of the deposit or the principal of the loan within a certain period of time. Usually divided into annual interest rates, monthly interest rates and daily interest rates. The annual interest rate is expressed as a few percent of the principal, the monthly interest rate is expressed as a few thousandths, and the daily interest rate is expressed as a few ten thousandths.
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