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What is the formula for calculating the seven-day annualized rate of return of Yu 'ebao?
Seven-day annualized rate of return = seven-day average rate of return ×365, that is, the total income of seven days is divided by seven to get the average daily income of the first seven days, and then multiplied by 365 days to get the seven-day annualized income. However, Yu 'ebao is expressed in ten thousand shares of income, and the formula is: income = confirmed amount/10000× ten thousand shares of income of the day.

How to calculate 2.5% annualized in 7 days?

Generally used in money funds. It converts the average expected return of fund products on the 7th day into annualized expected return. Its calculation formula is: expected daily rate of return = annual interest rate ÷360. If the annualized rate of return for seven days is 2.5%, it means that the average daily expected rate of return for the last seven days is equal to 2.5% divided by 360 is equal to 0.0069%.

Conversely, the annualized expected rate of return can also be calculated by the daily expected rate of return. For example, if the average expected rate of return of a fund is 0.0 1%, the annual expected rate of return of the fund is: equal to 0.0 1% divided by 360 and finally equal to 3.6%.