Where can I get dailyInterestRate?
phuongphally opened this issue · 2 comments
phuongphally commented
How to calculate it?
$dailyInterestRate = 0.000383;
Vovke commented
Hey, in order to calculate dailyInterestRate, you can do following, assuming your annual rate is 10%
- Convert the percentage rate to a decimal: 10 ÷ 100 = 0.10
- Convert the annual rate to a daily rate: 0.10 ÷ 365 = 0.00027397
hope that helps
phuongphally commented
@Vovke Thank you.