What is the annual interest rate of 24% in Weibo?

Weibo loan product multiplied by 24% is the annual interest.

Weibo Platform also has loan products with an annual interest rate of 24%. If converted into daily interest, it is generally 24÷360=0.067. The annual interest rate is 24%, with reference to the one-year deposit rate. If expressed in figures, it means that the loan is 1 ten thousand yuan and the interest is 0.24× 1 ten thousand yuan.

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