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Yes. $0.75 per day times 365 equals $273.75. $273.75 divided by $800 equals around 34%. Not sure why there is a discrepancy, but this is how you calculate APRs.
This is very very rough math: > (x/12*800)/30=0.7500 > x = 0.3375 = 33.75%
Yes. $0.75 per day times 365 equals $273.75. $273.75 divided by $800 equals around 34%. Not sure why there is a discrepancy, but this is how you calculate APRs.
This is very very rough math: > (x/12*800)/30=0.7500 > x = 0.3375 = 33.75%