1,× 2.2% ÷ 365 = .6 yuan
The annualized rate of return of a monetary fund for seven days is 2%. If an investor deposits 1, yuan, he can get 1,× 4% ÷ 365 days× 7 days =4.22 yuan in seven days, and the daily income is about .6 yuan. Seven-day annualized rate of return = principal * interest rate *7/365. The seven-day annualized rate of return is the annual rate of return converted from the net income per 1, fund shares in the past seven days.