An investment fund of the bank has a yield of 5.5%, and Xiaoqing's parents invested 50,000 yuan. How much will they get in a month?
This is the annualized rate of return. If you invest for one year, the income is 50,000 times 5.5% = 2,750 yuan, but sometimes the market fluctuates, and sometimes you lose a lot and earn a lot in a month. Unless the rate of return is the same every month, 5.5% divided by 12 = 0.45%, then the money you can earn in one month is 50,000 times 0.45% =