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