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Daily Accured Interest

Daily accured interest, abbreviated as DAI, is the interest amounts are added to the account balance every day.

Daily Accured Interest Formula

$\large{ DAI = \frac{ \frac{ IA \; \frac{ t }{ 365 } \; i }{ 100 } }{ t } }$

Symbol

$\large{ DAI }$ = daily accured interest

$\large{ t }$ = time period

$\large{ i }$ = interest rate

$\large{ IA }$ = investment amount

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