Seven-day annualized rate of return: it is the average income level of the monetary fund in the last seven days, and the data obtained after annualization.

The former will remain unchanged within the prescribed time limit for saving money, while the latter will be constantly changing and unstable.

1. interest rate: the ratio of the interest amount due in each period to the total principal. Interest is related to the total amount of principal, interest rate, compound interest frequency, borrowing time, deposit or loan, etc. Interest rate is the extra cost for borrowers to borrow money, and it is also the return for lenders to borrow money.

2. calculation formula: sn = a (1+r)+a (1+2r)+…+a (1+NR) = na+1/2n (n+1) ar. )

References:

Annual interest rate-Baidu Encyclopedia

Seven-day annualized income-Baidu Encyclopedia

Interest rate-Baidu Encyclopedia