The 7-day annualized rate of return is the average income level of the money fund in the last 7 days, which is the data obtained after annualization. The annualized rate of return for seven days is 1.6%, so the interest for eleven thousand years is10000 *1.6% =160 yuan. Calculated, the interest for one day is: 160/365 = 0.44 yuan, so two years is equal to 320 yuan.

Extended data:

Under different income carry-over methods, the calculation formula of seven-day annualized rate of return should also be different.

There are two ways to carry forward money market funds:

One is "monthly dividend, carried forward monthly" and the other is "daily dividend, carried forward daily".

Whether it is carried forward on a daily basis or on a monthly basis, it is equivalent to compound interest.

The formula of compound interest is: {[π (1+ri/10000)] (365/7)-1}×100% π means continuous multiplication i= 1. . . seven

Where Ri is the nearest i-th Gregorian calendar day (i= 1, 2? .. 7) Income per ten thousand.

The seven-day annual rate of return of the Fund is rounded to three decimal places.