6/ 1000 handling fee =0.006=0.6%, which is equivalent to a monthly interest rate of 0.6%× 12=7.2%, and an annual interest rate of 762% is equivalent to a daily interest rate of 7.2% ÷ 365 = 0.019722.

The annual interest rate is the one-year deposit or loan interest rate, that is, the ratio of one-year interest amount to deposit principal or loan principal, which is similar to the algorithm of monthly interest rate and daily interest rate, but with different forms. Annual interest rate calculation formula = total interest 1 year/deposit (loan) principal × 100%. Conversion formula of annual interest rate, monthly interest rate and daily interest rate: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (day).