Fund 4.85% means that the annualized return (annual interest rate) of this fund is 4.85%.

For example: If you invest 100 yuan in the fund, the annualized income (annual interest rate) is 4.85%

Then the income in the next year will be 4.85 yuan in interest

The calculation formula is 100× 4.85% = 4.85 yuan

The formula is: interest rate = interest ÷ principal ÷ time × 100%

Interest = principal × interest rate × time

Annual interest rate , refers to the one-year deposit interest rate. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal within a certain period. Usually divided into three types: annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate is expressed as a few thousandths, and the daily interest rate is expressed as a few thousandths.

When the economic development is in the growth stage, the opportunities for bank investment increase, the demand for loanable funds increases, and interest rates rise; conversely, when the economic development is sluggish and the society is in a period of depression, the bank's willingness to invest decreases. , naturally the demand for loanable funds decreases, and market interest rates are generally lower.