The annualized equivalent of 10% for 35 days is 104.29%.

Name: The annualized equivalent of 10% for 35 days is 104.29%.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The annualized equivalent of 10% for 35 days is 104.29%. This is because the annualized equivalent is calculated by multiplying the daily rate by the number of days in a year and then dividing by the number of days in the period. In this case, the daily rate is 10% / 365 days = 0.000274%. The annualized equivalent is then 0.000274% * 365 days / 35 days = 104.29%.

The Annualized Equivalent of 10% for 35 Days Is 104