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Industrial Bank bought 100,000 yuan every day on the 1st, how to calculate the profit on the 100th day

If you buy RMB 100,000 in Industrial Bank's RiRixin Financial Management No. 1, the 100-day profit calculation is based on the profit rate of the financial management you purchased. The recovery amount of your financial management will be displayed every day. For example, if it is 5,000 yuan, the profit will be calculated according to the financial management profit rate.

Calculating the interest rate divided by 2%, you can get a financial income of 5000 × 2% = 100 yuan on the same day.