Question

what is the daily rate for a 20% ROI?

Answer 1

ANSWER

0.055 %

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:

$\begin{gathered} \frac{20}{365} \\ =\text{ }0.055\text{ \%} \end{gathered}$

That is the daily rate.