Annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of the interest amount to the deposit principal or loan principal within a certain period of time. It is usually divided into three types: annual interest rate, monthly interest rate and daily interest rate. 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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